This property looks like a bad Mid-Term investment with a projected -10.53% first-year return on $161k initial cash invested.
-10.53%
Cash On Cash
4.18%
Cap Rate
0.66
DSCR
$4,617
Rent
-$1,417
Cashflow
Cash Flow
$4,617 income − $6,034 expenses = $1,417 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$137k
Closing costs
1%
$6,829
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,617
Total Expenses
$6,034
Mortgage P&I
78%
$3,611
Property Taxes
13%
$607
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$554
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$508