This property looks like a bad Mid-Term investment with a projected -8.24% first-year return on $164k initial cash invested.
-8.24%
Cash On Cash
4.46%
Cap Rate
0.74
DSCR
$5,164
Rent
-$1,128
Cashflow
Cash Flow
$5,164 income − $6,292 expenses = $1,128 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,965
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,164
Total Expenses
$6,292
Mortgage P&I
68%
$3,507
Property Taxes
11%
$546
Home Insurance
5%
$262
HOA
4%
$220
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$568