This property looks like a bad Mid-Term investment with a projected -14.8% first-year return on $161k initial cash invested.
-14.8%
Cash On Cash
3.51%
Cap Rate
0.52
DSCR
$3,378
Rent
-$1,980
Cashflow
Cash Flow
$3,378 income − $5,358 expenses = $1,980 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,378
Total Expenses
$5,358
Mortgage P&I
113%
$3,832
Property Taxes
4%
$140
Home Insurance
7%
$238
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372