This property looks like a bad Mid-Term investment with a projected -7.83% first-year return on $159k initial cash invested.
-7.83%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$5,052
Rent
-$1,039
Cashflow
Cash Flow
$5,052 income − $6,091 expenses = $1,039 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%
$6,721
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,052
Total Expenses
$6,091
Mortgage P&I
72%
$3,649
Property Taxes
10%
$483
Home Insurance
5%
$241
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556