This property looks like a bad Mid-Term investment with a projected -13.55% first-year return on $159k initial cash invested.
-13.55%
Cash On Cash
3.82%
Cap Rate
0.57
DSCR
$3,966
Rent
-$1,794
Cashflow
Cash Flow
$3,966 income − $5,760 expenses = $1,794 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,709
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,966
Total Expenses
$5,760
Mortgage P&I
95%
$3,772
Property Taxes
10%
$403
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436