This property looks like a bad Mid-Term investment with a projected -8.52% first-year return on $158k initial cash invested.
-8.52%
Cash On Cash
4.75%
Cap Rate
0.75
DSCR
$6,164
Rent
-$1,122
Cashflow
Cash Flow
$6,164 income − $7,286 expenses = $1,122 out of pocket
Investment Breakdown
|
Purchase Price
$667k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,669
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,164
Total Expenses
$7,286
Mortgage P&I
57%
$3,513
Property Taxes
19%
$1,153
Home Insurance
4%
$245
HOA
5%
$278
Property Management
12%
$740
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$678