This property looks like a bad Mid-Term investment with a projected -19.88% first-year return on $165k initial cash invested.
-19.88%
Cash On Cash
1.64%
Cap Rate
0.27
DSCR
$3,268
Rent
-$2,730
Cashflow
Cash Flow
$3,268 income − $5,998 expenses = $2,730 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,268
Total Expenses
$5,998
Mortgage P&I
109%
$3,556
Property Taxes
33%
$1,086
Home Insurance
8%
$245
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359