This property looks like a bad Mid-Term investment with a projected -14.23% first-year return on $165k initial cash invested.
-14.23%
Cash On Cash
2.97%
Cap Rate
0.49
DSCR
$3,046
Rent
-$1,954
Cashflow
Cash Flow
$3,046 income − $5,000 expenses = $1,954 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,046
Total Expenses
$5,000
Mortgage P&I
117%
$3,563
Property Taxes
5%
$156
Home Insurance
8%
$245
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335