This property looks like a bad Mid-Term investment with a projected -21.04% first-year return on $164k initial cash invested.
-21.04%
Cash On Cash
1.81%
Cap Rate
0.27
DSCR
$2,340
Rent
-$2,874
Cashflow
Cash Flow
$2,340 income − $5,214 expenses = $2,874 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,340
Total Expenses
$5,214
Mortgage P&I
164%
$3,828
Property Taxes
15%
$347
Home Insurance
10%
$243
HOA
0%
$0
Property Management
12%
$281
CapEx
4%
$94
Vacancy
3%
$70
Maintenance
4%
$94
Other
11%
$257