This property looks like a bad Mid-Term investment with a projected -10.76% first-year return on $163k initial cash invested.
-10.76%
Cash On Cash
4.05%
Cap Rate
0.64
DSCR
$4,346
Rent
-$1,458
Cashflow
Cash Flow
$4,346 income − $5,804 expenses = $1,458 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,885
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,346
Total Expenses
$5,804
Mortgage P&I
83%
$3,605
Property Taxes
11%
$471
Home Insurance
6%
$250
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478