This property looks like a bad Mid-Term investment with a projected -2.96% first-year return on $163k initial cash invested.
-2.96%
Cash On Cash
6.19%
Cap Rate
0.96
DSCR
$5,974
Rent
-$402
Cashflow
Cash Flow
$5,974 income − $6,376 expenses = $402 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,900
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,974
Total Expenses
$6,376
Mortgage P&I
62%
$3,723
Property Taxes
5%
$299
Home Insurance
4%
$242
HOA
1%
$81
Property Management
12%
$717
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$657