This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $165k initial cash invested.
-6.73%
Cash On Cash
5.42%
Cap Rate
0.82
DSCR
$5,842
Rent
-$925
Cashflow
Cash Flow
$5,842 income − $6,767 expenses = $925 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,842
Total Expenses
$6,767
Mortgage P&I
66%
$3,853
Property Taxes
12%
$682
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$701
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$643