This property looks like a bad Mid-Term investment with a projected -6.69% first-year return on $163k initial cash invested.
-6.69%
Cash On Cash
4.83%
Cap Rate
0.8
DSCR
$5,712
Rent
-$910
Cashflow
Cash Flow
$5,712 income − $6,622 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,921
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,712
Total Expenses
$6,622
Mortgage P&I
61%
$3,470
Property Taxes
17%
$967
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$685
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$628