This property looks like a bad Mid-Term investment with a projected -12.92% first-year return on $161k initial cash invested.
-12.92%
Cash On Cash
3.57%
Cap Rate
0.56
DSCR
$3,738
Rent
-$1,728
Cashflow
Cash Flow
$3,738 income − $5,466 expenses = $1,728 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,788
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,738
Total Expenses
$5,466
Mortgage P&I
96%
$3,596
Property Taxes
4%
$135
Home Insurance
6%
$238
HOA
6%
$225
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$411