This property looks like a bad Mid-Term investment with a projected -8.62% first-year return on $162k initial cash invested.
-8.62%
Cash On Cash
4.69%
Cap Rate
0.74
DSCR
$5,132
Rent
-$1,163
Cashflow
Cash Flow
$5,132 income − $6,295 expenses = $1,163 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,132
Total Expenses
$6,295
Mortgage P&I
71%
$3,636
Property Taxes
13%
$674
Home Insurance
5%
$240
HOA
0%
$0
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$565