This property looks like a bad Mid-Term investment with a projected -4.64% first-year return on $163k initial cash invested.
-4.64%
Cash On Cash
5.88%
Cap Rate
0.9
DSCR
$6,108
Rent
-$631
Cashflow
Cash Flow
$6,108 income − $6,739 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,917
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,108
Total Expenses
$6,739
Mortgage P&I
62%
$3,775
Property Taxes
11%
$643
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$733
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$672