This property looks like a bad Mid-Term investment with a projected -6.85% first-year return on $165k initial cash invested.
-6.85%
Cash On Cash
5.27%
Cap Rate
0.81
DSCR
$5,858
Rent
-$942
Cashflow
Cash Flow
$5,858 income − $6,800 expenses = $942 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%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,858
Total Expenses
$6,800
Mortgage P&I
65%
$3,784
Property Taxes
13%
$780
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$703
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644