This property looks like a bad Mid-Term investment with a projected -10.37% first-year return on $162k initial cash invested.
-10.37%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$4,708
Rent
-$1,399
Cashflow
Cash Flow
$4,708 income − $6,107 expenses = $1,399 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,708
Total Expenses
$6,107
Mortgage P&I
80%
$3,776
Property Taxes
10%
$491
Home Insurance
5%
$240
HOA
0%
$0
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518