This property looks like a bad Mid-Term investment with a projected -22.19% first-year return on $167k initial cash invested.
-22.19%
Cash On Cash
1.48%
Cap Rate
0.23
DSCR
$2,568
Rent
-$3,080
Cashflow
Cash Flow
$2,568 income − $5,648 expenses = $3,080 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$141k
Closing costs
1%
$7,074
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,568
Total Expenses
$5,648
Mortgage P&I
150%
$3,852
Property Taxes
26%
$673
Home Insurance
10%
$250
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$282