This property looks like a bad Mid-Term investment with a projected -9.19% first-year return on $158k initial cash invested.
-9.19%
Cash On Cash
4.18%
Cap Rate
0.69
DSCR
$4,262
Rent
-$1,211
Cashflow
Cash Flow
$4,262 income − $5,473 expenses = $1,211 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,675
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,262
Total Expenses
$5,473
Mortgage P&I
79%
$3,368
Property Taxes
10%
$421
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$469