This property looks like a bad Mid-Term investment with a projected -9.22% first-year return on $163k initial cash invested.
-9.22%
Cash On Cash
4.57%
Cap Rate
0.71
DSCR
$4,488
Rent
-$1,250
Cashflow
Cash Flow
$4,488 income − $5,738 expenses = $1,250 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,888
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,488
Total Expenses
$5,738
Mortgage P&I
82%
$3,692
Property Taxes
6%
$270
Home Insurance
6%
$248
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494