This property looks like a bad Mid-Term investment with a projected -5.02% first-year return on $165k initial cash invested.
-5.02%
Cash On Cash
5.44%
Cap Rate
0.87
DSCR
$5,434
Rent
-$690
Cashflow
Cash Flow
$5,434 income − $6,124 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.8%
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
$5,434
Total Expenses
$6,124
Mortgage P&I
67%
$3,643
Property Taxes
7%
$389
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$652
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$598