This property looks like a bad Mid-Term investment with a projected -7.97% first-year return on $161k initial cash invested.
-7.97%
Cash On Cash
4.76%
Cap Rate
0.76
DSCR
$5,142
Rent
-$1,066
Cashflow
Cash Flow
$5,142 income − $6,208 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
6.8%
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
$5,142
Total Expenses
$6,208
Mortgage P&I
69%
$3,553
Property Taxes
13%
$668
Home Insurance
5%
$238
HOA
0%
$0
Property Management
12%
$617
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566