This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $163k initial cash invested.
-5.49%
Cash On Cash
5.77%
Cap Rate
0.87
DSCR
$6,486
Rent
-$747
Cashflow
Cash Flow
$6,486 income − $7,233 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,924
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,486
Total Expenses
$7,233
Mortgage P&I
59%
$3,819
Property Taxes
15%
$965
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$778
CapEx
4%
$259
Vacancy
3%
$195
Maintenance
4%
$259
Other
11%
$713