This property looks like a bad Mid-Term investment with a projected -11.21% first-year return on $163k initial cash invested.
-11.21%
Cash On Cash
4.28%
Cap Rate
0.65
DSCR
$4,656
Rent
-$1,521
Cashflow
Cash Flow
$4,656 income − $6,177 expenses = $1,521 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%
$6,898
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,656
Total Expenses
$6,177
Mortgage P&I
82%
$3,798
Property Taxes
12%
$560
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512