This property looks like a bad Mid-Term investment with a projected -3.96% first-year return on $162k initial cash invested.
-3.96%
Cash On Cash
6.12%
Cap Rate
0.92
DSCR
$6,086
Rent
-$535
Cashflow
Cash Flow
$6,086 income − $6,621 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,869
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,086
Total Expenses
$6,621
Mortgage P&I
62%
$3,798
Property Taxes
8%
$513
Home Insurance
4%
$242
HOA
0%
$0
Property Management
12%
$730
CapEx
4%
$243
Vacancy
3%
$183
Maintenance
4%
$243
Other
11%
$669