This property looks like a bad Mid-Term investment with a projected -11.25% first-year return on $163k initial cash invested.
-11.25%
Cash On Cash
4.1%
Cap Rate
0.64
DSCR
$4,706
Rent
-$1,529
Cashflow
Cash Flow
$4,706 income − $6,235 expenses = $1,529 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,911
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,706
Total Expenses
$6,235
Mortgage P&I
79%
$3,701
Property Taxes
15%
$691
Home Insurance
5%
$243
HOA
0%
$0
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518