This property looks like a bad Mid-Term investment with a projected -13.88% first-year return on $158k initial cash invested.
-13.88%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$4,816
Rent
-$1,824
Cashflow
Cash Flow
$4,816 income − $6,640 expenses = $1,824 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,816
Total Expenses
$6,640
Mortgage P&I
75%
$3,625
Property Taxes
21%
$1,020
Home Insurance
5%
$233
HOA
3%
$124
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530