This property looks like a bad Mid-Term investment with a projected -12.99% first-year return on $165k initial cash invested.
-12.99%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$3,998
Rent
-$1,784
Cashflow
Cash Flow
$3,998 income − $5,782 expenses = $1,784 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,998
Total Expenses
$5,782
Mortgage P&I
96%
$3,823
Property Taxes
9%
$354
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440