This property looks like a bad Mid-Term investment with a projected -9.02% first-year return on $161k initial cash invested.
-9.02%
Cash On Cash
4.91%
Cap Rate
0.74
DSCR
$5,714
Rent
-$1,209
Cashflow
Cash Flow
$5,714 income − $6,923 expenses = $1,209 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,714
Total Expenses
$6,923
Mortgage P&I
66%
$3,762
Property Taxes
9%
$500
Home Insurance
6%
$368
HOA
6%
$349
Property Management
12%
$686
CapEx
4%
$229
Vacancy
3%
$171
Maintenance
4%
$229
Other
11%
$629