This property looks like a bad Mid-Term investment with a projected -7.61% first-year return on $157k initial cash invested.
-7.61%
Cash On Cash
4.87%
Cap Rate
0.77
DSCR
$4,954
Rent
-$994
Cashflow
Cash Flow
$4,954 income − $5,948 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,607
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,954
Total Expenses
$5,948
Mortgage P&I
70%
$3,480
Property Taxes
11%
$548
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545