This property looks like a bad Mid-Term investment with a projected -7.78% first-year return on $163k initial cash invested.
-7.78%
Cash On Cash
5.24%
Cap Rate
0.79
DSCR
$6,321
Rent
-$1,057
Cashflow
Cash Flow
$6,321 income − $7,378 expenses = $1,057 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,904
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,321
Total Expenses
$7,378
Mortgage P&I
60%
$3,819
Property Taxes
18%
$1,111
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$759
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$695