This property looks like a bad Mid-Term investment with a projected -15.08% first-year return on $163k initial cash invested.
-15.08%
Cash On Cash
3.1%
Cap Rate
0.48
DSCR
$3,141
Rent
-$2,047
Cashflow
Cash Flow
$3,141 income − $5,188 expenses = $2,047 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,141
Total Expenses
$5,188
Mortgage P&I
118%
$3,702
Property Taxes
6%
$175
Home Insurance
8%
$242
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346