This property looks like a bad Mid-Term investment with a projected -9.67% first-year return on $162k initial cash invested.
-9.67%
Cash On Cash
4.07%
Cap Rate
0.67
DSCR
$4,556
Rent
-$1,302
Cashflow
Cash Flow
$4,556 income − $5,858 expenses = $1,302 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,834
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,556
Total Expenses
$5,858
Mortgage P&I
75%
$3,439
Property Taxes
14%
$625
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501