This property looks like a bad Mid-Term investment with a projected -22.47% first-year return on $165k initial cash invested.
-22.47%
Cash On Cash
1.5%
Cap Rate
0.23
DSCR
$2,733
Rent
-$3,082
Cashflow
Cash Flow
$2,733 income − $5,815 expenses = $3,082 out of pocket
Investment Breakdown
|
Purchase Price
$698k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,982
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,733
Total Expenses
$5,815
Mortgage P&I
141%
$3,845
Property Taxes
28%
$779
Home Insurance
10%
$262
HOA
0%
$0
Property Management
12%
$328
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$301