This property looks like a bad Mid-Term investment with a projected -8.93% first-year return on $161k initial cash invested.
-8.93%
Cash On Cash
4.38%
Cap Rate
0.72
DSCR
$5,331
Rent
-$1,200
Cashflow
Cash Flow
$5,331 income − $6,531 expenses = $1,200 out of pocket
Investment Breakdown
|
Purchase Price
$682k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,822
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,331
Total Expenses
$6,531
Mortgage P&I
65%
$3,477
Property Taxes
19%
$1,006
Home Insurance
4%
$236
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$586