This property looks like a bad Mid-Term investment with a projected -4.87% first-year return on $163k initial cash invested.
-4.87%
Cash On Cash
5.64%
Cap Rate
0.88
DSCR
$5,792
Rent
-$663
Cashflow
Cash Flow
$5,792 income − $6,455 expenses = $663 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,923
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,792
Total Expenses
$6,455
Mortgage P&I
64%
$3,685
Property Taxes
10%
$559
Home Insurance
4%
$241
HOA
0%
$0
Property Management
12%
$695
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$637