This property looks like a bad Mid-Term investment with a projected -9.11% first-year return on $157k initial cash invested.
-9.11%
Cash On Cash
4.49%
Cap Rate
0.71
DSCR
$4,564
Rent
-$1,191
Cashflow
Cash Flow
$4,564 income − $5,755 expenses = $1,191 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,612
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,564
Total Expenses
$5,755
Mortgage P&I
76%
$3,484
Property Taxes
11%
$494
Home Insurance
5%
$224
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502