This property looks like a bad Mid-Term investment with a projected -3.53% first-year return on $161k initial cash invested.
-3.53%
Cash On Cash
6.17%
Cap Rate
0.94
DSCR
$6,482
Rent
-$473
Cashflow
Cash Flow
$6,482 income − $6,955 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,798
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,482
Total Expenses
$6,955
Mortgage P&I
57%
$3,711
Property Taxes
12%
$799
Home Insurance
4%
$242
HOA
0%
$0
Property Management
12%
$778
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$713