This property looks like a bad Mid-Term investment with a projected -10.22% first-year return on $161k initial cash invested.
-10.22%
Cash On Cash
4.28%
Cap Rate
0.67
DSCR
$3,896
Rent
-$1,371
Cashflow
Cash Flow
$3,896 income − $5,267 expenses = $1,371 out of pocket
Investment Breakdown
|
Purchase Price
$681k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,806
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,896
Total Expenses
$5,267
Mortgage P&I
93%
$3,641
Property Taxes
3%
$108
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429