This property looks like a bad Mid-Term investment with a projected -16.25% first-year return on $165k initial cash invested.
-16.25%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$3,458
Rent
-$2,240
Cashflow
Cash Flow
$3,458 income − $5,698 expenses = $2,240 out of pocket
Investment Breakdown
|
Purchase Price
$702k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,020
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,458
Total Expenses
$5,698
Mortgage P&I
113%
$3,903
Property Taxes
11%
$366
Home Insurance
7%
$254
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380