This property looks like a bad Mid-Term investment with a projected -7.63% first-year return on $164k initial cash invested.
-7.63%
Cash On Cash
5%
Cap Rate
0.78
DSCR
$5,706
Rent
-$1,043
Cashflow
Cash Flow
$5,706 income − $6,749 expenses = $1,043 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,951
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,706
Total Expenses
$6,749
Mortgage P&I
65%
$3,710
Property Taxes
15%
$854
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$685
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$628