This property looks like a bad Mid-Term investment with a projected -14.36% first-year return on $168k initial cash invested.
-14.36%
Cash On Cash
3.23%
Cap Rate
0.51
DSCR
$3,921
Rent
-$2,010
Cashflow
Cash Flow
$3,921 income − $5,931 expenses = $2,010 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,144
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,921
Total Expenses
$5,931
Mortgage P&I
96%
$3,778
Property Taxes
14%
$564
Home Insurance
7%
$255
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431