This property looks like a bad Mid-Term investment with a projected -14.26% first-year return on $165k initial cash invested.
-14.26%
Cash On Cash
2.89%
Cap Rate
0.48
DSCR
$3,514
Rent
-$1,956
Cashflow
Cash Flow
$3,514 income − $5,470 expenses = $1,956 out of pocket
Investment Breakdown
|
Purchase Price
$698k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,980
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,514
Total Expenses
$5,470
Mortgage P&I
100%
$3,498
Property Taxes
15%
$521
Home Insurance
7%
$255
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$105
Maintenance
4%
$141
Other
11%
$387