This property looks like a bad Mid-Term investment with a projected -10.2% first-year return on $162k initial cash invested.
-10.2%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$4,474
Rent
-$1,377
Cashflow
Cash Flow
$4,474 income − $5,851 expenses = $1,377 out of pocket
Investment Breakdown
|
Purchase Price
$686k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,857
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,474
Total Expenses
$5,851
Mortgage P&I
82%
$3,675
Property Taxes
8%
$366
Home Insurance
6%
$248
HOA
1%
$41
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$492