This property looks like a bad Mid-Term investment with a projected -10.78% first-year return on $164k initial cash invested.
-10.78%
Cash On Cash
4.15%
Cap Rate
0.65
DSCR
$4,744
Rent
-$1,471
Cashflow
Cash Flow
$4,744 income − $6,215 expenses = $1,471 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,937
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,744
Total Expenses
$6,215
Mortgage P&I
78%
$3,682
Property Taxes
12%
$561
Home Insurance
8%
$359
HOA
0%
$0
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522