This property looks like a bad Mid-Term investment with a projected -4.17% first-year return on $165k initial cash invested.
-4.17%
Cash On Cash
6.02%
Cap Rate
0.92
DSCR
$6,438
Rent
-$574
Cashflow
Cash Flow
$6,438 income − $7,012 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,438
Total Expenses
$7,012
Mortgage P&I
59%
$3,829
Property Taxes
12%
$748
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$773
CapEx
4%
$258
Vacancy
3%
$193
Maintenance
4%
$258
Other
11%
$708