This property looks like a bad Mid-Term investment with a projected -15.79% first-year return on $166k initial cash invested.
-15.79%
Cash On Cash
3.21%
Cap Rate
0.48
DSCR
$3,650
Rent
-$2,183
Cashflow
Cash Flow
$3,650 income − $5,833 expenses = $2,183 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,045
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,650
Total Expenses
$5,833
Mortgage P&I
107%
$3,920
Property Taxes
8%
$292
Home Insurance
7%
$254
HOA
3%
$125
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402