This property looks like a bad Mid-Term investment with a projected -9.33% first-year return on $163k initial cash invested.
-9.33%
Cash On Cash
4.46%
Cap Rate
0.71
DSCR
$5,342
Rent
-$1,264
Cashflow
Cash Flow
$5,342 income − $6,606 expenses = $1,264 out of pocket
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,884
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,342
Total Expenses
$6,606
Mortgage P&I
68%
$3,608
Property Taxes
18%
$936
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588