This property looks like a bad Mid-Term investment with a projected -23.2% first-year return on $163k initial cash invested.
-23.2%
Cash On Cash
1.07%
Cap Rate
0.17
DSCR
$3,831
Rent
-$3,152
Cashflow
Cash Flow
$3,831 income − $6,983 expenses = $3,152 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,908
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,831
Total Expenses
$6,983
Mortgage P&I
94%
$3,615
Property Taxes
40%
$1,524
Home Insurance
14%
$542
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421