This property looks like a bad Mid-Term investment with a projected -9.81% first-year return on $163k initial cash invested.
-9.81%
Cash On Cash
4.53%
Cap Rate
0.69
DSCR
$4,712
Rent
-$1,331
Cashflow
Cash Flow
$4,712 income − $6,043 expenses = $1,331 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,892
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,712
Total Expenses
$6,043
Mortgage P&I
79%
$3,742
Property Taxes
10%
$456
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518