This property looks like a bad Mid-Term investment with a projected -11.33% first-year return on $156k initial cash invested.
-11.33%
Cash On Cash
3.67%
Cap Rate
0.6
DSCR
$3,580
Rent
-$1,471
Cashflow
Cash Flow
$3,580 income − $5,051 expenses = $1,471 out of pocket
Investment Breakdown
|
Purchase Price
$656k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,561
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,580
Total Expenses
$5,051
Mortgage P&I
93%
$3,332
Property Taxes
7%
$266
Home Insurance
7%
$236
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394