This property looks like a bad Mid-Term investment with a projected -10.1% first-year return on $146k initial cash invested.
-10.1%
Cash On Cash
4.16%
Cap Rate
0.69
DSCR
$3,818
Rent
-$1,229
Cashflow
Cash Flow
$3,818 income − $5,047 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,951
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$3,818
Total Expenses
$5,047
Mortgage P&I
91%
$3,486
Property Taxes
1%
$19
Home Insurance
6%
$243
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$420