This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $168k initial cash invested.
-4.03%
Cash On Cash
5.97%
Cap Rate
0.92
DSCR
$6,218
Rent
-$564
Cashflow
Cash Flow
$6,218 income − $6,782 expenses = $564 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,149
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,218
Total Expenses
$6,782
Mortgage P&I
62%
$3,872
Property Taxes
9%
$554
Home Insurance
4%
$241
HOA
0%
$0
Property Management
12%
$746
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$684