This property looks like a bad Mid-Term investment with a projected -8.09% first-year return on $163k initial cash invested.
-8.09%
Cash On Cash
4.85%
Cap Rate
0.76
DSCR
$5,223
Rent
-$1,098
Cashflow
Cash Flow
$5,223 income − $6,321 expenses = $1,098 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,894
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,223
Total Expenses
$6,321
Mortgage P&I
70%
$3,678
Property Taxes
12%
$626
Home Insurance
5%
$240
HOA
0%
$0
Property Management
12%
$627
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$575