This property looks like a bad Mid-Term investment with a projected -16.6% first-year return on $165k initial cash invested.
-16.6%
Cash On Cash
2.66%
Cap Rate
0.42
DSCR
$3,256
Rent
-$2,279
Cashflow
Cash Flow
$3,256 income − $5,535 expenses = $2,279 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,256
Total Expenses
$5,535
Mortgage P&I
114%
$3,700
Property Taxes
15%
$483
Home Insurance
8%
$245
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358