This property looks like a bad Mid-Term investment with a projected -8.08% first-year return on $163k initial cash invested.
-8.08%
Cash On Cash
5.13%
Cap Rate
0.77
DSCR
$5,756
Rent
-$1,098
Cashflow
Cash Flow
$5,756 income − $6,854 expenses = $1,098 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,907
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,756
Total Expenses
$6,854
Mortgage P&I
66%
$3,820
Property Taxes
15%
$849
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$691
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$633