This property looks like a bad Mid-Term investment with a projected -15.21% first-year return on $161k initial cash invested.
-15.21%
Cash On Cash
3.3%
Cap Rate
0.5
DSCR
$3,898
Rent
-$2,041
Cashflow
Cash Flow
$3,898 income − $5,939 expenses = $2,041 out of pocket
Investment Breakdown
|
Purchase Price
$681k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,812
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,898
Total Expenses
$5,939
Mortgage P&I
96%
$3,756
Property Taxes
16%
$612
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429