This property looks like a bad Mid-Term investment with a projected -2.41% first-year return on $165k initial cash invested.
-2.41%
Cash On Cash
5.98%
Cap Rate
0.98
DSCR
$6,868
Rent
-$331
Cashflow
Cash Flow
$6,868 income − $7,199 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,992
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,868
Total Expenses
$7,199
Mortgage P&I
52%
$3,540
Property Taxes
16%
$1,079
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$824
CapEx
4%
$275
Vacancy
3%
$206
Maintenance
4%
$275
Other
11%
$755