This property looks like a bad Mid-Term investment with a projected -9.45% first-year return on $162k initial cash invested.
-9.45%
Cash On Cash
4.48%
Cap Rate
0.7
DSCR
$4,942
Rent
-$1,275
Cashflow
Cash Flow
$4,942 income − $6,217 expenses = $1,275 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,852
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,942
Total Expenses
$6,217
Mortgage P&I
74%
$3,637
Property Taxes
13%
$651
Home Insurance
5%
$248
HOA
0%
$0
Property Management
12%
$593
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544