This property looks like a bad Mid-Term investment with a projected -12.45% first-year return on $163k initial cash invested.
-12.45%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$4,414
Rent
-$1,694
Cashflow
Cash Flow
$4,414 income − $6,108 expenses = $1,694 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,915
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,414
Total Expenses
$6,108
Mortgage P&I
85%
$3,762
Property Taxes
6%
$275
Home Insurance
6%
$248
HOA
7%
$321
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$132
Maintenance
4%
$177
Other
11%
$486