This property looks like a bad Mid-Term investment with a projected -15.61% first-year return on $165k initial cash invested.
-15.61%
Cash On Cash
2.61%
Cap Rate
0.43
DSCR
$3,532
Rent
-$2,146
Cashflow
Cash Flow
$3,532 income − $5,678 expenses = $2,146 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,532
Total Expenses
$5,678
Mortgage P&I
100%
$3,525
Property Taxes
20%
$707
Home Insurance
7%
$245
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389