This property looks like a bad Mid-Term investment with a projected -6.91% first-year return on $163k initial cash invested.
-6.91%
Cash On Cash
5.38%
Cap Rate
0.82
DSCR
$6,570
Rent
-$936
Cashflow
Cash Flow
$6,570 income − $7,506 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,885
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,570
Total Expenses
$7,506
Mortgage P&I
57%
$3,759
Property Taxes
20%
$1,293
Home Insurance
3%
$220
HOA
0%
$0
Property Management
12%
$788
CapEx
4%
$263
Vacancy
3%
$197
Maintenance
4%
$263
Other
11%
$723