This property looks like a bad Mid-Term investment with a projected -10.72% first-year return on $164k initial cash invested.
-10.72%
Cash On Cash
4.18%
Cap Rate
0.66
DSCR
$5,402
Rent
-$1,462
Cashflow
Cash Flow
$5,402 income − $6,864 expenses = $1,462 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,938
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,402
Total Expenses
$6,864
Mortgage P&I
68%
$3,660
Property Taxes
19%
$1,033
Home Insurance
5%
$255
HOA
1%
$80
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594