This property looks like a bad Mid-Term investment with a projected -7.15% first-year return on $164k initial cash invested.
-7.15%
Cash On Cash
5.09%
Cap Rate
0.8
DSCR
$5,420
Rent
-$975
Cashflow
Cash Flow
$5,420 income − $6,395 expenses = $975 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,937
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,420
Total Expenses
$6,395
Mortgage P&I
68%
$3,701
Property Taxes
11%
$610
Home Insurance
4%
$241
HOA
0%
$0
Property Management
12%
$650
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$596