This property looks like a bad Mid-Term investment with a projected -16.76% first-year return on $165k initial cash invested.
-16.76%
Cash On Cash
2.26%
Cap Rate
0.38
DSCR
$2,710
Rent
-$2,306
Cashflow
Cash Flow
$2,710 income − $5,016 expenses = $2,306 out of pocket
Investment Breakdown
|
Purchase Price
$701k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,006
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,710
Total Expenses
$5,016
Mortgage P&I
130%
$3,520
Property Taxes
12%
$326
Home Insurance
9%
$250
HOA
0%
$0
Property Management
12%
$325
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$298