This property looks like a bad Mid-Term investment with a projected -12.65% first-year return on $164k initial cash invested.
-12.65%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$4,570
Rent
-$1,728
Cashflow
Cash Flow
$4,570 income − $6,298 expenses = $1,728 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,570
Total Expenses
$6,298
Mortgage P&I
84%
$3,818
Property Taxes
15%
$683
Home Insurance
5%
$243
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503