This property looks like a bad Mid-Term investment with a projected -11.37% first-year return on $163k initial cash invested.
-11.37%
Cash On Cash
4.21%
Cap Rate
0.64
DSCR
$4,773
Rent
-$1,544
Cashflow
Cash Flow
$4,773 income − $6,317 expenses = $1,544 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,900
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,773
Total Expenses
$6,317
Mortgage P&I
79%
$3,774
Property Taxes
14%
$678
Home Insurance
5%
$242
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$525