This property looks like a bad Mid-Term investment with a projected -14.99% first-year return on $158k initial cash invested.
-14.99%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$4,224
Rent
-$1,979
Cashflow
Cash Flow
$4,224 income − $6,203 expenses = $1,979 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,686
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,224
Total Expenses
$6,203
Mortgage P&I
85%
$3,603
Property Taxes
19%
$804
Home Insurance
7%
$289
HOA
2%
$70
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465