This property looks like a bad Mid-Term investment with a projected -15.82% first-year return on $163k initial cash invested.
-15.82%
Cash On Cash
2.6%
Cap Rate
0.43
DSCR
$3,045
Rent
-$2,150
Cashflow
Cash Flow
$3,045 income − $5,195 expenses = $2,150 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,045
Total Expenses
$5,195
Mortgage P&I
116%
$3,527
Property Taxes
11%
$329
Home Insurance
8%
$254
HOA
2%
$50
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335