This property looks like a bad Mid-Term investment with a projected -8.73% first-year return on $163k initial cash invested.
-8.73%
Cash On Cash
4.8%
Cap Rate
0.74
DSCR
$5,133
Rent
-$1,184
Cashflow
Cash Flow
$5,133 income − $6,317 expenses = $1,184 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,133
Total Expenses
$6,317
Mortgage P&I
73%
$3,733
Property Taxes
12%
$594
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$565