This property looks like a bad Mid-Term investment with a projected -11.72% first-year return on $164k initial cash invested.
-11.72%
Cash On Cash
4.21%
Cap Rate
0.63
DSCR
$4,322
Rent
-$1,597
Cashflow
Cash Flow
$4,322 income − $5,919 expenses = $1,597 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,929
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,322
Total Expenses
$5,919
Mortgage P&I
89%
$3,855
Property Taxes
8%
$344
Home Insurance
6%
$250
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$475