This property looks like a bad Mid-Term investment with a projected -17.05% first-year return on $164k initial cash invested.
-17.05%
Cash On Cash
2.55%
Cap Rate
0.4
DSCR
$3,204
Rent
-$2,324
Cashflow
Cash Flow
$3,204 income − $5,528 expenses = $2,324 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,933
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,204
Total Expenses
$5,528
Mortgage P&I
115%
$3,670
Property Taxes
16%
$499
Home Insurance
8%
$271
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352