This property looks like a bad Mid-Term investment with a projected -19.13% first-year return on $164k initial cash invested.
-19.13%
Cash On Cash
2.27%
Cap Rate
0.34
DSCR
$2,680
Rent
-$2,613
Cashflow
Cash Flow
$2,680 income − $5,293 expenses = $2,613 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,680
Total Expenses
$5,293
Mortgage P&I
143%
$3,820
Property Taxes
12%
$319
Home Insurance
9%
$243
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295