This property looks like a bad Mid-Term investment with a projected -7.81% first-year return on $161k initial cash invested.
-7.81%
Cash On Cash
4.96%
Cap Rate
0.77
DSCR
$4,864
Rent
-$1,046
Cashflow
Cash Flow
$4,864 income − $5,910 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,800
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,864
Total Expenses
$5,910
Mortgage P&I
75%
$3,661
Property Taxes
7%
$316
Home Insurance
5%
$238
HOA
1%
$40
Property Management
12%
$584
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$535