This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $165k initial cash invested.
-5.56%
Cash On Cash
5.2%
Cap Rate
0.85
DSCR
$5,546
Rent
-$763
Cashflow
Cash Flow
$5,546 income − $6,309 expenses = $763 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.6%
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
$5,546
Total Expenses
$6,309
Mortgage P&I
64%
$3,569
Property Taxes
11%
$609
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$666
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610