This property looks like a bad Mid-Term investment with a projected -11% first-year return on $162k initial cash invested.
-11%
Cash On Cash
3.82%
Cap Rate
0.63
DSCR
$4,906
Rent
-$1,481
Cashflow
Cash Flow
$4,906 income − $6,387 expenses = $1,481 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,834
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,906
Total Expenses
$6,387
Mortgage P&I
71%
$3,459
Property Taxes
21%
$1,015
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540