This property looks like a bad Mid-Term investment with a projected -19.6% first-year return on $161k initial cash invested.
-19.6%
Cash On Cash
2.14%
Cap Rate
0.33
DSCR
$2,676
Rent
-$2,622
Cashflow
Cash Flow
$2,676 income − $5,298 expenses = $2,622 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,788
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,676
Total Expenses
$5,298
Mortgage P&I
139%
$3,727
Property Taxes
15%
$408
Home Insurance
9%
$254
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294