This property looks like a bad Mid-Term investment with a projected -14.09% first-year return on $157k initial cash invested.
-14.09%
Cash On Cash
3.57%
Cap Rate
0.54
DSCR
$3,678
Rent
-$1,845
Cashflow
Cash Flow
$3,678 income − $5,523 expenses = $1,845 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,623
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,678
Total Expenses
$5,523
Mortgage P&I
100%
$3,671
Property Taxes
10%
$369
Home Insurance
6%
$220
HOA
0%
$13
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405