This property looks like a bad Mid-Term investment with a projected -7.92% first-year return on $162k initial cash invested.
-7.92%
Cash On Cash
4.95%
Cap Rate
0.77
DSCR
$5,316
Rent
-$1,068
Cashflow
Cash Flow
$5,316 income − $6,384 expenses = $1,068 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,848
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,316
Total Expenses
$6,384
Mortgage P&I
69%
$3,679
Property Taxes
12%
$654
Home Insurance
5%
$243
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$159
Maintenance
4%
$213
Other
11%
$585