This property looks like a bad Mid-Term investment with a projected -10.82% first-year return on $162k initial cash invested.
-10.82%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$5,074
Rent
-$1,464
Cashflow
Cash Flow
$5,074 income − $6,538 expenses = $1,464 out of pocket
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$138k
Closing costs
1%
$6,877
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,074
Total Expenses
$6,538
Mortgage P&I
73%
$3,729
Property Taxes
15%
$762
Home Insurance
5%
$245
HOA
2%
$77
Property Management
12%
$609
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$558