This property looks like a bad Mid-Term investment with a projected -0.61% first-year return on $157k initial cash invested.
-0.61%
Cash On Cash
6.87%
Cap Rate
1.06
DSCR
$7,190
Rent
-$79
Cashflow
Cash Flow
$7,190 income − $7,269 expenses = $79 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,604
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,190
Total Expenses
$7,269
Mortgage P&I
50%
$3,572
Property Taxes
11%
$782
Home Insurance
3%
$241
HOA
3%
$228
Property Management
12%
$863
CapEx
4%
$288
Vacancy
3%
$216
Maintenance
4%
$288
Other
11%
$791