This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $165k initial cash invested.
-4.9%
Cash On Cash
5.71%
Cap Rate
0.88
DSCR
$5,548
Rent
-$674
Cashflow
Cash Flow
$5,548 income − $6,222 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,995
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,548
Total Expenses
$6,222
Mortgage P&I
68%
$3,782
Property Taxes
6%
$309
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$666
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610