This property looks like a bad Mid-Term investment with a projected -2.15% first-year return on $166k initial cash invested.
-2.15%
Cash On Cash
6.61%
Cap Rate
0.99
DSCR
$6,820
Rent
-$297
Cashflow
Cash Flow
$6,820 income − $7,117 expenses = $297 out of pocket
Investment Breakdown
|
Purchase Price
$704k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,043
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,820
Total Expenses
$7,117
Mortgage P&I
57%
$3,905
Property Taxes
9%
$641
Home Insurance
4%
$252
HOA
0%
$0
Property Management
12%
$818
CapEx
4%
$273
Vacancy
3%
$205
Maintenance
4%
$273
Other
11%
$750