This property looks like a bad Mid-Term investment with a projected -8.36% first-year return on $159k initial cash invested.
-8.36%
Cash On Cash
4.79%
Cap Rate
0.75
DSCR
$5,145
Rent
-$1,108
Cashflow
Cash Flow
$5,145 income − $6,253 expenses = $1,108 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,717
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,145
Total Expenses
$6,253
Mortgage P&I
70%
$3,583
Property Taxes
13%
$676
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$617
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566