This property looks like a bad Mid-Term investment with a projected -5.36% first-year return on $167k initial cash invested.
-5.36%
Cash On Cash
5.74%
Cap Rate
0.87
DSCR
$6,072
Rent
-$747
Cashflow
Cash Flow
$6,072 income − $6,819 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,100
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,072
Total Expenses
$6,819
Mortgage P&I
64%
$3,902
Property Taxes
10%
$600
Home Insurance
4%
$252
HOA
0%
$0
Property Management
12%
$729
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$668