This property looks like a bad Mid-Term investment with a projected -13.28% first-year return on $165k initial cash invested.
-13.28%
Cash On Cash
3.53%
Cap Rate
0.55
DSCR
$3,573
Rent
-$1,823
Cashflow
Cash Flow
$3,573 income − $5,396 expenses = $1,823 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,573
Total Expenses
$5,396
Mortgage P&I
105%
$3,734
Property Taxes
6%
$202
Home Insurance
7%
$245
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393