This property looks like a bad Mid-Term investment with a projected -9.07% first-year return on $162k initial cash invested.
-9.07%
Cash On Cash
4.94%
Cap Rate
0.73
DSCR
$5,174
Rent
-$1,228
Cashflow
Cash Flow
$5,174 income − $6,402 expenses = $1,228 out of pocket
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$138k
Closing costs
1%
$6,880
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,174
Total Expenses
$6,402
Mortgage P&I
74%
$3,852
Property Taxes
11%
$546
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$621
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569