This property looks like a bad Mid-Term investment with a projected -14.08% first-year return on $169k initial cash invested.
-14.08%
Cash On Cash
3.13%
Cap Rate
0.51
DSCR
$3,868
Rent
-$1,978
Cashflow
Cash Flow
$3,868 income − $5,846 expenses = $1,978 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$143k
Closing costs
1%
$7,169
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,868
Total Expenses
$5,846
Mortgage P&I
95%
$3,690
Property Taxes
15%
$582
Home Insurance
7%
$259
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425