This property looks like a bad Mid-Term investment with a projected -7.71% first-year return on $163k initial cash invested.
-7.71%
Cash On Cash
5.09%
Cap Rate
0.78
DSCR
$5,499
Rent
-$1,050
Cashflow
Cash Flow
$5,499 income − $6,549 expenses = $1,050 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,920
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,499
Total Expenses
$6,549
Mortgage P&I
68%
$3,764
Property Taxes
12%
$670
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$660
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$605