This property looks like a bad Mid-Term investment with a projected -10.57% first-year return on $164k initial cash invested.
-10.57%
Cash On Cash
4.37%
Cap Rate
0.67
DSCR
$4,492
Rent
-$1,443
Cashflow
Cash Flow
$4,492 income − $5,935 expenses = $1,443 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,941
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,492
Total Expenses
$5,935
Mortgage P&I
84%
$3,788
Property Taxes
8%
$374
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494