This property looks like a bad Mid-Term investment with a projected -14.59% first-year return on $168k initial cash invested.
-14.59%
Cash On Cash
2.91%
Cap Rate
0.47
DSCR
$2,937
Rent
-$2,044
Cashflow
Cash Flow
$2,937 income − $4,981 expenses = $2,044 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,150
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,937
Total Expenses
$4,981
Mortgage P&I
125%
$3,663
Property Taxes
2%
$71
Home Insurance
9%
$250
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323