This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $168k initial cash invested.
-4.76%
Cash On Cash
5.89%
Cap Rate
0.9
DSCR
$6,843
Rent
-$667
Cashflow
Cash Flow
$6,843 income − $7,510 expenses = $667 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,145
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,843
Total Expenses
$7,510
Mortgage P&I
57%
$3,899
Property Taxes
15%
$1,034
Home Insurance
4%
$250
HOA
0%
$0
Property Management
12%
$821
CapEx
4%
$274
Vacancy
3%
$205
Maintenance
4%
$274
Other
11%
$753