This property looks like a bad Mid-Term investment with a projected -12.5% first-year return on $156k initial cash invested.
-12.5%
Cash On Cash
4.05%
Cap Rate
0.61
DSCR
$4,827
Rent
-$1,624
Cashflow
Cash Flow
$4,827 income − $6,451 expenses = $1,624 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,565
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,827
Total Expenses
$6,451
Mortgage P&I
76%
$3,648
Property Taxes
19%
$928
Home Insurance
5%
$234
HOA
0%
$0
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531