This property looks like a bad Mid-Term investment with a projected -3.1% first-year return on $167k initial cash invested.
-3.1%
Cash On Cash
5.82%
Cap Rate
0.96
DSCR
$6,717
Rent
-$430
Cashflow
Cash Flow
$6,717 income − $7,147 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$141k
Closing costs
1%
$7,072
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,717
Total Expenses
$7,147
Mortgage P&I
53%
$3,590
Property Taxes
15%
$1,027
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$806
CapEx
4%
$269
Vacancy
3%
$202
Maintenance
4%
$269
Other
11%
$739