This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $165k initial cash invested.
-2.09%
Cash On Cash
6.43%
Cap Rate
0.99
DSCR
$6,688
Rent
-$287
Cashflow
Cash Flow
$6,688 income − $6,975 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,688
Total Expenses
$6,975
Mortgage P&I
56%
$3,772
Property Taxes
10%
$682
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$803
CapEx
4%
$268
Vacancy
3%
$201
Maintenance
4%
$268
Other
11%
$736