This property looks like a bad Mid-Term investment with a projected -9.65% first-year return on $162k initial cash invested.
-9.65%
Cash On Cash
4.64%
Cap Rate
0.7
DSCR
$4,692
Rent
-$1,301
Cashflow
Cash Flow
$4,692 income − $5,993 expenses = $1,301 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,845
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,692
Total Expenses
$5,993
Mortgage P&I
80%
$3,757
Property Taxes
8%
$397
Home Insurance
5%
$243
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516