This property looks like a bad Mid-Term investment with a projected -16.93% first-year return on $168k initial cash invested.
-16.93%
Cash On Cash
2.67%
Cap Rate
0.42
DSCR
$3,424
Rent
-$2,369
Cashflow
Cash Flow
$3,424 income − $5,793 expenses = $2,369 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,139
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,424
Total Expenses
$5,793
Mortgage P&I
112%
$3,819
Property Taxes
16%
$550
Home Insurance
8%
$259
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377