This property looks like a bad Mid-Term investment with a projected -17.98% first-year return on $164k initial cash invested.
-17.98%
Cash On Cash
2.61%
Cap Rate
0.39
DSCR
$3,146
Rent
-$2,460
Cashflow
Cash Flow
$3,146 income − $5,606 expenses = $2,460 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,960
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,146
Total Expenses
$5,606
Mortgage P&I
122%
$3,845
Property Taxes
14%
$439
Home Insurance
8%
$252
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346