This property looks like a bad Mid-Term investment with a projected -4.16% first-year return on $164k initial cash invested.
-4.16%
Cash On Cash
5.63%
Cap Rate
0.91
DSCR
$6,412
Rent
-$569
Cashflow
Cash Flow
$6,412 income − $6,981 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,956
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,412
Total Expenses
$6,981
Mortgage P&I
56%
$3,574
Property Taxes
15%
$984
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$769
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$705