This property looks like a bad Mid-Term investment with a projected -13.51% first-year return on $165k initial cash invested.
-13.51%
Cash On Cash
3.44%
Cap Rate
0.54
DSCR
$4,054
Rent
-$1,857
Cashflow
Cash Flow
$4,054 income − $5,911 expenses = $1,857 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,054
Total Expenses
$5,911
Mortgage P&I
91%
$3,699
Property Taxes
15%
$589
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446