This property looks like a bad Mid-Term investment with a projected -4.94% first-year return on $165k initial cash invested.
-4.94%
Cash On Cash
5.64%
Cap Rate
0.88
DSCR
$5,666
Rent
-$678
Cashflow
Cash Flow
$5,666 income − $6,344 expenses = $678 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,666
Total Expenses
$6,344
Mortgage P&I
66%
$3,737
Property Taxes
8%
$435
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$680
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$623