This property looks like a bad Mid-Term investment with a projected -6.26% first-year return on $162k initial cash invested.
-6.26%
Cash On Cash
5.12%
Cap Rate
0.83
DSCR
$5,818
Rent
-$847
Cashflow
Cash Flow
$5,818 income − $6,665 expenses = $847 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,870
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,818
Total Expenses
$6,665
Mortgage P&I
61%
$3,545
Property Taxes
15%
$901
Home Insurance
4%
$240
HOA
0%
$0
Property Management
12%
$698
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$640