This property looks like a bad Mid-Term investment with a projected -22.34% first-year return on $169k initial cash invested.
-22.34%
Cash On Cash
1.38%
Cap Rate
0.21
DSCR
$2,944
Rent
-$3,140
Cashflow
Cash Flow
$2,944 income − $6,084 expenses = $3,140 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$143k
Closing costs
1%
$7,173
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,944
Total Expenses
$6,084
Mortgage P&I
131%
$3,848
Property Taxes
29%
$850
Home Insurance
13%
$385
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324