This property looks like a bad Mid-Term investment with a projected -8.63% first-year return on $163k initial cash invested.
-8.63%
Cash On Cash
4.34%
Cap Rate
0.72
DSCR
$4,701
Rent
-$1,172
Cashflow
Cash Flow
$4,701 income − $5,873 expenses = $1,172 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,701
Total Expenses
$5,873
Mortgage P&I
74%
$3,481
Property Taxes
10%
$479
Home Insurance
7%
$315
HOA
0%
$0
Property Management
12%
$564
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$517