This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $158k initial cash invested.
-7.12%
Cash On Cash
4.74%
Cap Rate
0.78
DSCR
$4,712
Rent
-$936
Cashflow
Cash Flow
$4,712 income − $5,648 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,650
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,712
Total Expenses
$5,648
Mortgage P&I
72%
$3,375
Property Taxes
9%
$440
Home Insurance
5%
$233
HOA
0%
$0
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518