This property looks like a bad Mid-Term investment with a projected -15.48% first-year return on $162k initial cash invested.
-15.48%
Cash On Cash
3.04%
Cap Rate
0.48
DSCR
$4,738
Rent
-$2,086
Cashflow
Cash Flow
$4,738 income − $6,824 expenses = $2,086 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,845
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,738
Total Expenses
$6,824
Mortgage P&I
77%
$3,628
Property Taxes
28%
$1,314
Home Insurance
6%
$262
HOA
0%
$8
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$521