This property looks like a bad Mid-Term investment with a projected -3.59% first-year return on $161k initial cash invested.
-3.59%
Cash On Cash
5.9%
Cap Rate
0.93
DSCR
$5,566
Rent
-$481
Cashflow
Cash Flow
$5,566 income − $6,047 expenses = $481 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,798
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,566
Total Expenses
$6,047
Mortgage P&I
65%
$3,600
Property Taxes
5%
$259
Home Insurance
4%
$245
HOA
1%
$50
Property Management
12%
$668
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$612