This property looks like a bad Mid-Term investment with a projected -8.15% first-year return on $157k initial cash invested.
-8.15%
Cash On Cash
4.59%
Cap Rate
0.74
DSCR
$4,548
Rent
-$1,065
Cashflow
Cash Flow
$4,548 income − $5,613 expenses = $1,065 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,609
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,548
Total Expenses
$5,613
Mortgage P&I
75%
$3,410
Property Taxes
9%
$419
Home Insurance
5%
$238
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500