This property looks like a bad Mid-Term investment with a projected -10.08% first-year return on $162k initial cash invested.
-10.08%
Cash On Cash
4.26%
Cap Rate
0.67
DSCR
$4,646
Rent
-$1,359
Cashflow
Cash Flow
$4,646 income − $6,005 expenses = $1,359 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,846
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,646
Total Expenses
$6,005
Mortgage P&I
78%
$3,604
Property Taxes
12%
$576
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511