This property looks like a bad Mid-Term investment with a projected -18.5% first-year return on $163k initial cash invested.
-18.5%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$2,874
Rent
-$2,511
Cashflow
Cash Flow
$2,874 income − $5,385 expenses = $2,511 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,874
Total Expenses
$5,385
Mortgage P&I
131%
$3,768
Property Taxes
14%
$398
Home Insurance
8%
$242
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316