This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $156k initial cash invested.
-11.53%
Cash On Cash
3.58%
Cap Rate
0.6
DSCR
$4,358
Rent
-$1,499
Cashflow
Cash Flow
$4,358 income − $5,857 expenses = $1,499 out of pocket
Investment Breakdown
|
Purchase Price
$658k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,575
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,358
Total Expenses
$5,857
Mortgage P&I
75%
$3,288
Property Taxes
12%
$506
Home Insurance
5%
$222
HOA
8%
$360
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479