This property looks like a bad Mid-Term investment with a projected -7.57% first-year return on $158k initial cash invested.
-7.57%
Cash On Cash
4.83%
Cap Rate
0.77
DSCR
$4,641
Rent
-$998
Cashflow
Cash Flow
$4,641 income − $5,639 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$667k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,674
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,641
Total Expenses
$5,639
Mortgage P&I
75%
$3,499
Property Taxes
7%
$333
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511