This property looks like a bad Mid-Term investment with a projected -8.02% first-year return on $157k initial cash invested.
-8.02%
Cash On Cash
4.62%
Cap Rate
0.75
DSCR
$4,484
Rent
-$1,051
Cashflow
Cash Flow
$4,484 income − $5,535 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,631
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,484
Total Expenses
$5,535
Mortgage P&I
76%
$3,426
Property Taxes
8%
$340
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$135
Maintenance
4%
$179
Other
11%
$493