This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $165k initial cash invested.
-5.91%
Cash On Cash
5.06%
Cap Rate
0.83
DSCR
$5,006
Rent
-$812
Cashflow
Cash Flow
$5,006 income − $5,818 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.6%
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
$5,006
Total Expenses
$5,818
Mortgage P&I
71%
$3,561
Property Taxes
6%
$310
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$601
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$551