This property looks like a bad Mid-Term investment with a projected -11.16% first-year return on $164k initial cash invested.
-11.16%
Cash On Cash
4.34%
Cap Rate
0.65
DSCR
$4,276
Rent
-$1,525
Cashflow
Cash Flow
$4,276 income − $5,801 expenses = $1,525 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,949
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,276
Total Expenses
$5,801
Mortgage P&I
90%
$3,865
Property Taxes
4%
$173
Home Insurance
6%
$243
HOA
2%
$67
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470