This property looks like a bad Mid-Term investment with a projected -5.41% first-year return on $161k initial cash invested.
-5.41%
Cash On Cash
5.65%
Cap Rate
0.87
DSCR
$5,660
Rent
-$725
Cashflow
Cash Flow
$5,660 income − $6,385 expenses = $725 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,800
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,660
Total Expenses
$6,385
Mortgage P&I
65%
$3,700
Property Taxes
9%
$523
Home Insurance
4%
$238
HOA
0%
$0
Property Management
12%
$679
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$623