This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $144k initial cash invested.
-6.33%
Cash On Cash
5.65%
Cap Rate
0.85
DSCR
$4,956
Rent
-$758
Cashflow
Cash Flow
$4,956 income − $5,714 expenses = $758 out of pocket
Investment Breakdown
|
Purchase Price
$684k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$137k
Closing costs
1%
$6,842
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$4,956
Total Expenses
$5,714
Mortgage P&I
76%
$3,784
Property Taxes
0%
$5
Home Insurance
5%
$240
HOA
0%
$0
Property Management
12%
$595
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545