This property looks like a bad Mid-Term investment with a projected -11.38% first-year return on $158k initial cash invested.
-11.38%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$4,792
Rent
-$1,495
Cashflow
Cash Flow
$4,792 income − $6,287 expenses = $1,495 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,647
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,792
Total Expenses
$6,287
Mortgage P&I
76%
$3,654
Property Taxes
16%
$758
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527