This property looks like a bad Mid-Term investment with a projected -9.56% first-year return on $163k initial cash invested.
-9.56%
Cash On Cash
4.56%
Cap Rate
0.71
DSCR
$5,253
Rent
-$1,296
Cashflow
Cash Flow
$5,253 income − $6,549 expenses = $1,296 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,889
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,253
Total Expenses
$6,549
Mortgage P&I
71%
$3,704
Property Taxes
14%
$711
Home Insurance
5%
$255
HOA
2%
$93
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$158
Maintenance
4%
$210
Other
11%
$578