This property looks like a bad Mid-Term investment with a projected -15.92% first-year return on $165k initial cash invested.
-15.92%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$3,183
Rent
-$2,190
Cashflow
Cash Flow
$3,183 income − $5,373 expenses = $2,190 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,004
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,183
Total Expenses
$5,373
Mortgage P&I
120%
$3,828
Property Taxes
7%
$208
Home Insurance
8%
$256
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350