This property looks like a bad Mid-Term investment with a projected -13.92% first-year return on $161k initial cash invested.
-13.92%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$3,824
Rent
-$1,870
Cashflow
Cash Flow
$3,824 income − $5,694 expenses = $1,870 out of pocket
Investment Breakdown
|
Purchase Price
$682k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,818
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,824
Total Expenses
$5,694
Mortgage P&I
95%
$3,647
Property Taxes
13%
$485
Home Insurance
6%
$240
HOA
1%
$21
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421