This property looks like a bad Mid-Term investment with a projected -11.92% first-year return on $162k initial cash invested.
-11.92%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$4,490
Rent
-$1,611
Cashflow
Cash Flow
$4,490 income − $6,101 expenses = $1,611 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,866
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,490
Total Expenses
$6,101
Mortgage P&I
84%
$3,781
Property Taxes
12%
$530
Home Insurance
6%
$262
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494