This property looks like a bad Mid-Term investment with a projected -11.26% first-year return on $164k initial cash invested.
-11.26%
Cash On Cash
4.16%
Cap Rate
0.64
DSCR
$3,950
Rent
-$1,539
Cashflow
Cash Flow
$3,950 income − $5,489 expenses = $1,539 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,950
Total Expenses
$5,489
Mortgage P&I
96%
$3,788
Property Taxes
3%
$116
Home Insurance
6%
$243
HOA
0%
$0
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434