This property looks like a bad Mid-Term investment with a projected -8.96% first-year return on $163k initial cash invested.
-8.96%
Cash On Cash
4.64%
Cap Rate
0.73
DSCR
$5,160
Rent
-$1,221
Cashflow
Cash Flow
$5,160 income − $6,381 expenses = $1,221 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$139k
Closing costs
1%
$6,926
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,160
Total Expenses
$6,381
Mortgage P&I
72%
$3,692
Property Taxes
13%
$690
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$568