This property looks like a bad Mid-Term investment with a projected -4.73% first-year return on $163k initial cash invested.
-4.73%
Cash On Cash
5.8%
Cap Rate
0.88
DSCR
$5,120
Rent
-$641
Cashflow
Cash Flow
$5,120 income − $5,761 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,887
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,120
Total Expenses
$5,761
Mortgage P&I
74%
$3,767
Property Taxes
0%
$12
Home Insurance
5%
$241
HOA
0%
$0
Property Management
12%
$614
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$563