This property looks like a bad Mid-Term investment with a projected -14.8% first-year return on $164k initial cash invested.
-14.8%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$3,262
Rent
-$2,022
Cashflow
Cash Flow
$3,262 income − $5,284 expenses = $2,022 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,262
Total Expenses
$5,284
Mortgage P&I
108%
$3,514
Property Taxes
13%
$419
Home Insurance
7%
$243
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359