This property looks like a bad Mid-Term investment with a projected -6.7% first-year return on $164k initial cash invested.
-6.7%
Cash On Cash
5.4%
Cap Rate
0.82
DSCR
$5,604
Rent
-$916
Cashflow
Cash Flow
$5,604 income − $6,520 expenses = $916 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,957
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,604
Total Expenses
$6,520
Mortgage P&I
68%
$3,823
Property Taxes
10%
$548
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$672
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$616