This property looks like a bad Mid-Term investment with a projected -17.03% first-year return on $165k initial cash invested.
-17.03%
Cash On Cash
2.35%
Cap Rate
0.38
DSCR
$2,514
Rent
-$2,339
Cashflow
Cash Flow
$2,514 income − $4,853 expenses = $2,339 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,514
Total Expenses
$4,853
Mortgage P&I
143%
$3,604
Property Taxes
6%
$148
Home Insurance
10%
$245
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$75
Maintenance
4%
$101
Other
11%
$277