This property looks like a bad Mid-Term investment with a projected -11.76% first-year return on $159k initial cash invested.
-11.76%
Cash On Cash
4%
Cap Rate
0.62
DSCR
$4,044
Rent
-$1,555
Cashflow
Cash Flow
$4,044 income − $5,599 expenses = $1,555 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,700
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,044
Total Expenses
$5,599
Mortgage P&I
90%
$3,626
Property Taxes
8%
$320
Home Insurance
6%
$236
HOA
1%
$42
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445