This property looks like a bad Mid-Term investment with a projected -8.2% first-year return on $162k initial cash invested.
-8.2%
Cash On Cash
4.61%
Cap Rate
0.75
DSCR
$5,151
Rent
-$1,108
Cashflow
Cash Flow
$5,151 income − $6,259 expenses = $1,108 out of pocket
Investment Breakdown
|
Purchase Price
$686k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,863
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,151
Total Expenses
$6,259
Mortgage P&I
69%
$3,541
Property Taxes
14%
$726
Home Insurance
5%
$240
HOA
0%
$0
Property Management
12%
$618
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567