This property looks like a bad Mid-Term investment with a projected -5.19% first-year return on $165k initial cash invested.
-5.19%
Cash On Cash
6.1%
Cap Rate
0.89
DSCR
$6,393
Rent
-$714
Cashflow
Cash Flow
$6,393 income − $7,107 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,393
Total Expenses
$7,107
Mortgage P&I
63%
$4,016
Property Taxes
11%
$672
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$767
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$703