This property looks like a bad Mid-Term investment with a projected -8.53% first-year return on $159k initial cash invested.
-8.53%
Cash On Cash
4.74%
Cap Rate
0.74
DSCR
$4,974
Rent
-$1,127
Cashflow
Cash Flow
$4,974 income − $6,101 expenses = $1,127 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,693
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,974
Total Expenses
$6,101
Mortgage P&I
72%
$3,571
Property Taxes
12%
$601
Home Insurance
5%
$238
HOA
0%
$0
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547