This property looks like a bad Mid-Term investment with a projected -12.95% first-year return on $163k initial cash invested.
-12.95%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$3,962
Rent
-$1,760
Cashflow
Cash Flow
$3,962 income − $5,722 expenses = $1,760 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,907
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,962
Total Expenses
$5,722
Mortgage P&I
93%
$3,685
Property Taxes
11%
$446
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$436