This property looks like a bad Mid-Term investment with a projected -3.36% first-year return on $163k initial cash invested.
-3.36%
Cash On Cash
6.09%
Cap Rate
0.94
DSCR
$6,278
Rent
-$455
Cashflow
Cash Flow
$6,278 income − $6,733 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,278
Total Expenses
$6,733
Mortgage P&I
59%
$3,700
Property Taxes
10%
$616
Home Insurance
4%
$241
HOA
1%
$42
Property Management
12%
$753
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$691