This property looks like a bad Mid-Term investment with a projected -8.19% first-year return on $162k initial cash invested.
-8.19%
Cash On Cash
4.71%
Cap Rate
0.75
DSCR
$4,676
Rent
-$1,105
Cashflow
Cash Flow
$4,676 income − $5,781 expenses = $1,105 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,676
Total Expenses
$5,781
Mortgage P&I
77%
$3,605
Property Taxes
7%
$347
Home Insurance
5%
$240
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514