This property looks like a bad Mid-Term investment with a projected -14.33% first-year return on $165k initial cash invested.
-14.33%
Cash On Cash
3.37%
Cap Rate
0.52
DSCR
$4,130
Rent
-$1,966
Cashflow
Cash Flow
$4,130 income − $6,096 expenses = $1,966 out of pocket
Investment Breakdown
|
Purchase Price
$698k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,980
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,130
Total Expenses
$6,096
Mortgage P&I
91%
$3,762
Property Taxes
17%
$686
Home Insurance
6%
$244
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454