This property looks like a bad Mid-Term investment with a projected -20.16% first-year return on $158k initial cash invested.
-20.16%
Cash On Cash
1.94%
Cap Rate
0.3
DSCR
$2,168
Rent
-$2,662
Cashflow
Cash Flow
$2,168 income − $4,830 expenses = $2,662 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,168
Total Expenses
$4,830
Mortgage P&I
169%
$3,659
Property Taxes
9%
$200
Home Insurance
11%
$234
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238