This property looks like a bad Mid-Term investment with a projected -8.05% first-year return on $162k initial cash invested.
-8.05%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$6,408
Rent
-$1,090
Cashflow
Cash Flow
$6,408 income − $7,498 expenses = $1,090 out of pocket
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$138k
Closing costs
1%
$6,876
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,408
Total Expenses
$7,498
Mortgage P&I
58%
$3,715
Property Taxes
20%
$1,290
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$769
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$705