This property looks like a bad Mid-Term investment with a projected -9.72% first-year return on $161k initial cash invested.
-9.72%
Cash On Cash
4.49%
Cap Rate
0.71
DSCR
$6,054
Rent
-$1,308
Cashflow
Cash Flow
$6,054 income − $7,362 expenses = $1,308 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$137k
Closing costs
1%
$6,829
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,054
Total Expenses
$7,362
Mortgage P&I
60%
$3,619
Property Taxes
19%
$1,147
Home Insurance
4%
$245
HOA
5%
$293
Property Management
12%
$726
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666