This property looks like a bad Mid-Term investment with a projected -5.66% first-year return on $163k initial cash invested.
-5.66%
Cash On Cash
5.53%
Cap Rate
0.86
DSCR
$5,794
Rent
-$768
Cashflow
Cash Flow
$5,794 income − $6,562 expenses = $768 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,900
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,794
Total Expenses
$6,562
Mortgage P&I
64%
$3,718
Property Taxes
11%
$632
Home Insurance
4%
$242
HOA
0%
$0
Property Management
12%
$695
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$637