This property looks like a bad Mid-Term investment with a projected -10.18% first-year return on $164k initial cash invested.
-10.18%
Cash On Cash
4.57%
Cap Rate
0.69
DSCR
$4,839
Rent
-$1,391
Cashflow
Cash Flow
$4,839 income − $6,230 expenses = $1,391 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,839
Total Expenses
$6,230
Mortgage P&I
79%
$3,843
Property Taxes
10%
$498
Home Insurance
5%
$243
HOA
0%
$0
Property Management
12%
$581
CapEx
4%
$194
Vacancy
3%
$145
Maintenance
4%
$194
Other
11%
$532