This property looks like a bad Mid-Term investment with a projected -8.5% first-year return on $163k initial cash invested.
-8.5%
Cash On Cash
4.97%
Cap Rate
0.75
DSCR
$5,476
Rent
-$1,154
Cashflow
Cash Flow
$5,476 income − $6,630 expenses = $1,154 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,904
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,476
Total Expenses
$6,630
Mortgage P&I
69%
$3,793
Property Taxes
12%
$671
Home Insurance
4%
$245
HOA
1%
$60
Property Management
12%
$657
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$602