This property looks like a bad Mid-Term investment with a projected -5.11% first-year return on $165k initial cash invested.
-5.11%
Cash On Cash
5.32%
Cap Rate
0.86
DSCR
$5,192
Rent
-$703
Cashflow
Cash Flow
$5,192 income − $5,895 expenses = $703 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,192
Total Expenses
$5,895
Mortgage P&I
69%
$3,598
Property Taxes
6%
$286
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$623
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$571