This property looks like a bad Mid-Term investment with a projected -9.25% first-year return on $161k initial cash invested.
-9.25%
Cash On Cash
4.71%
Cap Rate
0.72
DSCR
$5,108
Rent
-$1,239
Cashflow
Cash Flow
$5,108 income − $6,347 expenses = $1,239 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,796
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,108
Total Expenses
$6,347
Mortgage P&I
72%
$3,702
Property Taxes
13%
$664
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$613
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$562