This property looks like a bad Mid-Term investment with a projected -18.39% first-year return on $157k initial cash invested.
-18.39%
Cash On Cash
1.93%
Cap Rate
0.32
DSCR
$3,429
Rent
-$2,403
Cashflow
Cash Flow
$3,429 income − $5,832 expenses = $2,403 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,609
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,429
Total Expenses
$5,832
Mortgage P&I
97%
$3,328
Property Taxes
31%
$1,066
Home Insurance
7%
$236
HOA
1%
$37
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377