This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $157k initial cash invested.
-4.98%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$4,935
Rent
-$650
Cashflow
Cash Flow
$4,935 income − $5,585 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,599
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,935
Total Expenses
$5,585
Mortgage P&I
72%
$3,557
Property Taxes
2%
$120
Home Insurance
5%
$231
HOA
0%
$0
Property Management
12%
$592
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$543