This property looks like a bad Mid-Term investment with a projected -13.62% first-year return on $168k initial cash invested.
-13.62%
Cash On Cash
3.37%
Cap Rate
0.53
DSCR
$3,602
Rent
-$1,908
Cashflow
Cash Flow
$3,602 income − $5,510 expenses = $1,908 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,149
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,602
Total Expenses
$5,510
Mortgage P&I
105%
$3,773
Property Taxes
7%
$263
Home Insurance
7%
$250
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396