This property looks like a bad Mid-Term investment with a projected -13.61% first-year return on $164k initial cash invested.
-13.61%
Cash On Cash
3.68%
Cap Rate
0.56
DSCR
$4,383
Rent
-$1,860
Cashflow
Cash Flow
$4,383 income − $6,243 expenses = $1,860 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,383
Total Expenses
$6,243
Mortgage P&I
87%
$3,816
Property Taxes
16%
$695
Home Insurance
6%
$243
HOA
0%
$0
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$482