This property looks like a bad Mid-Term investment with a projected -8.71% first-year return on $156k initial cash invested.
-8.71%
Cash On Cash
4.93%
Cap Rate
0.75
DSCR
$5,540
Rent
-$1,135
Cashflow
Cash Flow
$5,540 income − $6,675 expenses = $1,135 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,589
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,540
Total Expenses
$6,675
Mortgage P&I
65%
$3,620
Property Taxes
17%
$937
Home Insurance
4%
$234
HOA
0%
$0
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$609