This property looks like a bad Mid-Term investment with a projected -11.48% first-year return on $159k initial cash invested.
-11.48%
Cash On Cash
3.75%
Cap Rate
0.61
DSCR
$4,440
Rent
-$1,518
Cashflow
Cash Flow
$4,440 income − $5,958 expenses = $1,518 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,699
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,440
Total Expenses
$5,958
Mortgage P&I
77%
$3,431
Property Taxes
18%
$783
Home Insurance
5%
$234
HOA
0%
$0
Property Management
12%
$533
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$488