This property looks like a bad Mid-Term investment with a projected -6.7% first-year return on $167k initial cash invested.
-6.7%
Cash On Cash
5.41%
Cap Rate
0.82
DSCR
$5,852
Rent
-$935
Cashflow
Cash Flow
$5,852 income − $6,787 expenses = $935 out of pocket
Investment Breakdown
|
Purchase Price
$712k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,118
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,852
Total Expenses
$6,787
Mortgage P&I
67%
$3,912
Property Taxes
11%
$635
Home Insurance
4%
$250
HOA
0%
$0
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644