This property looks like a bad Mid-Term investment with a projected -11.39% first-year return on $164k initial cash invested.
-11.39%
Cash On Cash
3.75%
Cap Rate
0.61
DSCR
$4,046
Rent
-$1,553
Cashflow
Cash Flow
$4,046 income − $5,599 expenses = $1,553 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,937
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,046
Total Expenses
$5,599
Mortgage P&I
88%
$3,558
Property Taxes
10%
$415
Home Insurance
6%
$245
HOA
0%
$5
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445