This property looks like a bad Mid-Term investment with a projected -5.45% first-year return on $164k initial cash invested.
-5.45%
Cash On Cash
5.8%
Cap Rate
0.88
DSCR
$6,724
Rent
-$746
Cashflow
Cash Flow
$6,724 income − $7,470 expenses = $746 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,959
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,724
Total Expenses
$7,470
Mortgage P&I
57%
$3,839
Property Taxes
13%
$846
Home Insurance
4%
$290
HOA
3%
$208
Property Management
12%
$807
CapEx
4%
$269
Vacancy
3%
$202
Maintenance
4%
$269
Other
11%
$740