This property looks like a bad Mid-Term investment with a projected -19.79% first-year return on $161k initial cash invested.
-19.79%
Cash On Cash
2.12%
Cap Rate
0.32
DSCR
$2,956
Rent
-$2,648
Cashflow
Cash Flow
$2,956 income − $5,604 expenses = $2,648 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,956
Total Expenses
$5,604
Mortgage P&I
126%
$3,727
Property Taxes
21%
$634
Home Insurance
8%
$238
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325