This property looks like a bad Mid-Term investment with a projected -10.4% first-year return on $164k initial cash invested.
-10.4%
Cash On Cash
3.8%
Cap Rate
0.64
DSCR
$3,896
Rent
-$1,421
Cashflow
Cash Flow
$3,896 income − $5,317 expenses = $1,421 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,896
Total Expenses
$5,317
Mortgage P&I
89%
$3,468
Property Taxes
7%
$280
Home Insurance
6%
$243
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429