This property looks like a bad Mid-Term investment with a projected -11.07% first-year return on $157k initial cash invested.
-11.07%
Cash On Cash
4.34%
Cap Rate
0.65
DSCR
$4,560
Rent
-$1,452
Cashflow
Cash Flow
$4,560 income − $6,012 expenses = $1,452 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,641
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,560
Total Expenses
$6,012
Mortgage P&I
81%
$3,672
Property Taxes
12%
$554
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$502