This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $161k initial cash invested.
-3.26%
Cash On Cash
6.1%
Cap Rate
0.95
DSCR
$6,816
Rent
-$437
Cashflow
Cash Flow
$6,816 income − $7,253 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$681k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,809
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,816
Total Expenses
$7,253
Mortgage P&I
53%
$3,624
Property Taxes
14%
$961
Home Insurance
3%
$238
HOA
2%
$112
Property Management
12%
$818
CapEx
4%
$273
Vacancy
3%
$204
Maintenance
4%
$273
Other
11%
$750