This property looks like a bad Mid-Term investment with a projected -2.86% first-year return on $163k initial cash invested.
-2.86%
Cash On Cash
5.67%
Cap Rate
0.95
DSCR
$5,157
Rent
-$388
Cashflow
Cash Flow
$5,157 income − $5,545 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,900
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,157
Total Expenses
$5,545
Mortgage P&I
67%
$3,444
Property Taxes
2%
$106
Home Insurance
5%
$242
HOA
0%
$0
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567