This property looks like a bad Mid-Term investment with a projected -11.09% first-year return on $158k initial cash invested.
-11.09%
Cash On Cash
3.87%
Cap Rate
0.62
DSCR
$3,633
Rent
-$1,465
Cashflow
Cash Flow
$3,633 income − $5,098 expenses = $1,465 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,633
Total Expenses
$5,098
Mortgage P&I
96%
$3,479
Property Taxes
4%
$150
Home Insurance
6%
$234
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400