This property looks like a bad Mid-Term investment with a projected -14.95% first-year return on $168k initial cash invested.
-14.95%
Cash On Cash
3.07%
Cap Rate
0.48
DSCR
$3,436
Rent
-$2,090
Cashflow
Cash Flow
$3,436 income − $5,526 expenses = $2,090 out of pocket
Investment Breakdown
|
Purchase Price
$713k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,129
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,436
Total Expenses
$5,526
Mortgage P&I
110%
$3,774
Property Taxes
9%
$319
Home Insurance
8%
$266
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378