This property looks like a bad Mid-Term investment with a projected -14.71% first-year return on $162k initial cash invested.
-14.71%
Cash On Cash
3.36%
Cap Rate
0.51
DSCR
$3,830
Rent
-$1,981
Cashflow
Cash Flow
$3,830 income − $5,811 expenses = $1,981 out of pocket
Investment Breakdown
|
Purchase Price
$684k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,836
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,830
Total Expenses
$5,811
Mortgage P&I
98%
$3,744
Property Taxes
12%
$465
Home Insurance
6%
$245
HOA
1%
$55
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421