This property looks like a bad Mid-Term investment with a projected -7.85% first-year return on $163k initial cash invested.
-7.85%
Cash On Cash
4.59%
Cap Rate
0.75
DSCR
$4,966
Rent
-$1,067
Cashflow
Cash Flow
$4,966 income − $6,033 expenses = $1,067 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,912
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,966
Total Expenses
$6,033
Mortgage P&I
71%
$3,513
Property Taxes
12%
$588
Home Insurance
5%
$243
HOA
0%
$0
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$546