This property looks like a bad Mid-Term investment with a projected -12.53% first-year return on $161k initial cash invested.
-12.53%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$4,248
Rent
-$1,686
Cashflow
Cash Flow
$4,248 income − $5,934 expenses = $1,686 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$137k
Closing costs
1%
$6,832
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,248
Total Expenses
$5,934
Mortgage P&I
87%
$3,697
Property Taxes
11%
$446
Home Insurance
6%
$254
HOA
2%
$93
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467