This property looks like a bad Mid-Term investment with a projected -8.15% first-year return on $161k initial cash invested.
-8.15%
Cash On Cash
4.45%
Cap Rate
0.73
DSCR
$4,194
Rent
-$1,091
Cashflow
Cash Flow
$4,194 income − $5,285 expenses = $1,091 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,794
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,194
Total Expenses
$5,285
Mortgage P&I
82%
$3,442
Property Taxes
4%
$174
Home Insurance
6%
$243
HOA
0%
$0
Property Management
12%
$503
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$461