This property looks like a bad Mid-Term investment with a projected -20.42% first-year return on $163k initial cash invested.
-20.42%
Cash On Cash
1.66%
Cap Rate
0.26
DSCR
$2,392
Rent
-$2,770
Cashflow
Cash Flow
$2,392 income − $5,162 expenses = $2,770 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,895
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,392
Total Expenses
$5,162
Mortgage P&I
152%
$3,628
Property Taxes
20%
$479
Home Insurance
10%
$241
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263