This property looks like a bad Mid-Term investment with a projected -4.39% first-year return on $168k initial cash invested.
-4.39%
Cash On Cash
6%
Cap Rate
0.91
DSCR
$6,516
Rent
-$614
Cashflow
Cash Flow
$6,516 income − $7,130 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$713k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,129
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,516
Total Expenses
$7,130
Mortgage P&I
60%
$3,918
Property Taxes
11%
$699
Home Insurance
5%
$297
HOA
0%
$0
Property Management
12%
$782
CapEx
4%
$261
Vacancy
3%
$195
Maintenance
4%
$261
Other
11%
$717