This property looks like a bad Mid-Term investment with a projected -14.97% first-year return on $158k initial cash invested.
-14.97%
Cash On Cash
2.79%
Cap Rate
0.46
DSCR
$3,284
Rent
-$1,965
Cashflow
Cash Flow
$3,284 income − $5,249 expenses = $1,965 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,643
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,284
Total Expenses
$5,249
Mortgage P&I
103%
$3,378
Property Taxes
15%
$489
Home Insurance
8%
$266
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361