This property looks like a bad Mid-Term investment with a projected -14.6% first-year return on $162k initial cash invested.
-14.6%
Cash On Cash
2.98%
Cap Rate
0.48
DSCR
$2,812
Rent
-$1,969
Cashflow
Cash Flow
$2,812 income − $4,781 expenses = $1,969 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,812
Total Expenses
$4,781
Mortgage P&I
127%
$3,558
Property Taxes
0%
$7
Home Insurance
9%
$240
HOA
1%
$22
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309