This property looks like a bad Mid-Term investment with a projected -17.43% first-year return on $157k initial cash invested.
-17.43%
Cash On Cash
2.49%
Cap Rate
0.39
DSCR
$3,486
Rent
-$2,281
Cashflow
Cash Flow
$3,486 income − $5,767 expenses = $2,281 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,623
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,486
Total Expenses
$5,767
Mortgage P&I
101%
$3,516
Property Taxes
23%
$787
Home Insurance
8%
$280
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$105
Maintenance
4%
$139
Other
11%
$383