This property looks like a bad Mid-Term investment with a projected -4.16% first-year return on $162k initial cash invested.
-4.16%
Cash On Cash
5.53%
Cap Rate
0.9
DSCR
$5,133
Rent
-$561
Cashflow
Cash Flow
$5,133 income − $5,694 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$686k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,858
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,133
Total Expenses
$5,694
Mortgage P&I
69%
$3,516
Property Taxes
4%
$181
Home Insurance
5%
$252
HOA
0%
$0
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$565