This property looks like a bad Mid-Term investment with a projected -22.27% first-year return on $157k initial cash invested.
-22.27%
Cash On Cash
1.56%
Cap Rate
0.24
DSCR
$3,392
Rent
-$2,917
Cashflow
Cash Flow
$3,392 income − $6,309 expenses = $2,917 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,628
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,392
Total Expenses
$6,309
Mortgage P&I
107%
$3,643
Property Taxes
37%
$1,269
Home Insurance
7%
$243
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373