This property looks like a bad Mid-Term investment with a projected -14.88% first-year return on $163k initial cash invested.
-14.88%
Cash On Cash
3.45%
Cap Rate
0.51
DSCR
$3,712
Rent
-$2,020
Cashflow
Cash Flow
$3,712 income − $5,732 expenses = $2,020 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,900
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,712
Total Expenses
$5,732
Mortgage P&I
104%
$3,853
Property Taxes
7%
$277
Home Insurance
7%
$242
HOA
3%
$100
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408