This property looks like a bad Mid-Term investment with a projected -16.27% first-year return on $164k initial cash invested.
-16.27%
Cash On Cash
2.92%
Cap Rate
0.45
DSCR
$2,974
Rent
-$2,217
Cashflow
Cash Flow
$2,974 income − $5,191 expenses = $2,217 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,929
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,974
Total Expenses
$5,191
Mortgage P&I
127%
$3,786
Property Taxes
5%
$140
Home Insurance
9%
$254
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$327