This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $162k initial cash invested.
-4.57%
Cash On Cash
5.87%
Cap Rate
0.9
DSCR
$6,080
Rent
-$616
Cashflow
Cash Flow
$6,080 income − $6,696 expenses = $616 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,080
Total Expenses
$6,696
Mortgage P&I
61%
$3,721
Property Taxes
11%
$668
Home Insurance
4%
$240
HOA
0%
$0
Property Management
12%
$730
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$669