This property looks like a bad Mid-Term investment with a projected -13.89% first-year return on $159k initial cash invested.
-13.89%
Cash On Cash
3.49%
Cap Rate
0.54
DSCR
$4,089
Rent
-$1,846
Cashflow
Cash Flow
$4,089 income − $5,935 expenses = $1,846 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,735
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,089
Total Expenses
$5,935
Mortgage P&I
89%
$3,638
Property Taxes
16%
$652
Home Insurance
6%
$253
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450