This property looks like a bad Mid-Term investment with a projected -7.35% first-year return on $163k initial cash invested.
-7.35%
Cash On Cash
5.06%
Cap Rate
0.79
DSCR
$5,319
Rent
-$996
Cashflow
Cash Flow
$5,319 income − $6,315 expenses = $996 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.0%
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
$5,319
Total Expenses
$6,315
Mortgage P&I
69%
$3,686
Property Taxes
11%
$579
Home Insurance
5%
$241
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$585