This property looks like a bad Mid-Term investment with a projected -12.52% first-year return on $156k initial cash invested.
-12.52%
Cash On Cash
4.16%
Cap Rate
0.61
DSCR
$4,320
Rent
-$1,627
Cashflow
Cash Flow
$4,320 income − $5,947 expenses = $1,627 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,570
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,320
Total Expenses
$5,947
Mortgage P&I
86%
$3,731
Property Taxes
12%
$511
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$518
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$475