This property looks like a bad Mid-Term investment with a projected -18.03% first-year return on $162k initial cash invested.
-18.03%
Cash On Cash
2.33%
Cap Rate
0.37
DSCR
$3,140
Rent
-$2,432
Cashflow
Cash Flow
$3,140 income − $5,572 expenses = $2,432 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,140
Total Expenses
$5,572
Mortgage P&I
116%
$3,636
Property Taxes
20%
$628
Home Insurance
8%
$240
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345