This property looks like a bad Mid-Term investment with a projected -8.64% first-year return on $162k initial cash invested.
-8.64%
Cash On Cash
4.82%
Cap Rate
0.75
DSCR
$5,936
Rent
-$1,168
Cashflow
Cash Flow
$5,936 income − $7,104 expenses = $1,168 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,869
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,936
Total Expenses
$7,104
Mortgage P&I
62%
$3,691
Property Taxes
13%
$773
Home Insurance
5%
$273
HOA
6%
$350
Property Management
12%
$712
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$653