This property looks like a bad Mid-Term investment with a projected -11.01% first-year return on $164k initial cash invested.
-11.01%
Cash On Cash
3.79%
Cap Rate
0.62
DSCR
$4,294
Rent
-$1,504
Cashflow
Cash Flow
$4,294 income − $5,798 expenses = $1,504 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,294
Total Expenses
$5,798
Mortgage P&I
82%
$3,529
Property Taxes
9%
$383
Home Insurance
6%
$243
HOA
4%
$183
Property Management
12%
$515
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$472