This property looks like a bad Mid-Term investment with a projected -7.38% first-year return on $164k initial cash invested.
-7.38%
Cash On Cash
5.27%
Cap Rate
0.8
DSCR
$5,654
Rent
-$1,006
Cashflow
Cash Flow
$5,654 income − $6,660 expenses = $1,006 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,932
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,654
Total Expenses
$6,660
Mortgage P&I
68%
$3,824
Property Taxes
12%
$678
Home Insurance
4%
$236
HOA
0%
$0
Property Management
12%
$678
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$622