This property looks like a bad Mid-Term investment with a projected -11.6% first-year return on $161k initial cash invested.
-11.6%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$3,828
Rent
-$1,553
Cashflow
Cash Flow
$3,828 income − $5,381 expenses = $1,553 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,792
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,828
Total Expenses
$5,381
Mortgage P&I
97%
$3,713
Property Taxes
3%
$117
Home Insurance
7%
$250
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421