This property looks like a bad Mid-Term investment with a projected -20.67% first-year return on $159k initial cash invested.
-20.67%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$2,558
Rent
-$2,740
Cashflow
Cash Flow
$2,558 income − $5,298 expenses = $2,740 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,719
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,558
Total Expenses
$5,298
Mortgage P&I
142%
$3,629
Property Taxes
10%
$249
Home Insurance
22%
$551
HOA
0%
$0
Property Management
12%
$307
CapEx
4%
$102
Vacancy
3%
$77
Maintenance
4%
$102
Other
11%
$281