This property looks like a bad Mid-Term investment with a projected -8.97% first-year return on $163k initial cash invested.
-8.97%
Cash On Cash
4.56%
Cap Rate
0.72
DSCR
$4,665
Rent
-$1,220
Cashflow
Cash Flow
$4,665 income − $5,885 expenses = $1,220 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,914
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,665
Total Expenses
$5,885
Mortgage P&I
78%
$3,661
Property Taxes
8%
$392
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513