This property looks like a bad Mid-Term investment with a projected -6.59% first-year return on $164k initial cash invested.
-6.59%
Cash On Cash
5.17%
Cap Rate
0.82
DSCR
$6,081
Rent
-$902
Cashflow
Cash Flow
$6,081 income − $6,983 expenses = $902 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,968
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,081
Total Expenses
$6,983
Mortgage P&I
60%
$3,662
Property Taxes
16%
$999
Home Insurance
4%
$255
HOA
0%
$0
Property Management
12%
$730
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$669