This property looks like a bad Mid-Term investment with a projected -7.83% first-year return on $161k initial cash invested.
-7.83%
Cash On Cash
5.09%
Cap Rate
0.77
DSCR
$4,878
Rent
-$1,048
Cashflow
Cash Flow
$4,878 income − $5,926 expenses = $1,048 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,878
Total Expenses
$5,926
Mortgage P&I
76%
$3,731
Property Taxes
6%
$299
Home Insurance
5%
$238
HOA
0%
$0
Property Management
12%
$585
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$537