This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $165k initial cash invested.
-6.21%
Cash On Cash
5.45%
Cap Rate
0.84
DSCR
$5,853
Rent
-$853
Cashflow
Cash Flow
$5,853 income − $6,706 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,853
Total Expenses
$6,706
Mortgage P&I
65%
$3,795
Property Taxes
12%
$676
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644