This property looks like a bad Mid-Term investment with a projected -16.06% first-year return on $159k initial cash invested.
-16.06%
Cash On Cash
2.42%
Cap Rate
0.4
DSCR
$2,548
Rent
-$2,134
Cashflow
Cash Flow
$2,548 income − $4,682 expenses = $2,134 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,738
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,548
Total Expenses
$4,682
Mortgage P&I
133%
$3,392
Property Taxes
7%
$180
Home Insurance
10%
$244
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280