This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $162k initial cash invested.
-11.53%
Cash On Cash
4.03%
Cap Rate
0.62
DSCR
$4,016
Rent
-$1,553
Cashflow
Cash Flow
$4,016 income − $5,569 expenses = $1,553 out of pocket
Investment Breakdown
|
Purchase Price
$684k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,841
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,016
Total Expenses
$5,569
Mortgage P&I
92%
$3,687
Property Taxes
7%
$271
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442