This property looks like a bad Mid-Term investment with a projected -10.59% first-year return on $164k initial cash invested.
-10.59%
Cash On Cash
4.37%
Cap Rate
0.67
DSCR
$4,862
Rent
-$1,449
Cashflow
Cash Flow
$4,862 income − $6,311 expenses = $1,449 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,962
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,862
Total Expenses
$6,311
Mortgage P&I
78%
$3,791
Property Taxes
13%
$623
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$583
CapEx
4%
$194
Vacancy
3%
$146
Maintenance
4%
$194
Other
11%
$535