This property looks like a bad Mid-Term investment with a projected -4.88% first-year return on $166k initial cash invested.
-4.88%
Cash On Cash
5.32%
Cap Rate
0.87
DSCR
$5,517
Rent
-$677
Cashflow
Cash Flow
$5,517 income − $6,194 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,063
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,517
Total Expenses
$6,194
Mortgage P&I
65%
$3,590
Property Taxes
9%
$473
Home Insurance
5%
$254
HOA
0%
$0
Property Management
12%
$662
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$607