This property looks like a bad Mid-Term investment with a projected -8.3% first-year return on $163k initial cash invested.
-8.3%
Cash On Cash
5.01%
Cap Rate
0.76
DSCR
$5,364
Rent
-$1,126
Cashflow
Cash Flow
$5,364 income − $6,490 expenses = $1,126 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,364
Total Expenses
$6,490
Mortgage P&I
71%
$3,791
Property Taxes
12%
$632
Home Insurance
5%
$242
HOA
0%
$0
Property Management
12%
$644
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$590