This property looks like a bad Mid-Term investment with a projected -9.21% first-year return on $162k initial cash invested.
-9.21%
Cash On Cash
4.24%
Cap Rate
0.69
DSCR
$4,210
Rent
-$1,245
Cashflow
Cash Flow
$4,210 income − $5,455 expenses = $1,245 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,871
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,210
Total Expenses
$5,455
Mortgage P&I
83%
$3,502
Property Taxes
6%
$242
Home Insurance
6%
$252
HOA
1%
$29
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463