This property looks like a bad Mid-Term investment with a projected -7.52% first-year return on $156k initial cash invested.
-7.52%
Cash On Cash
5.11%
Cap Rate
0.78
DSCR
$4,488
Rent
-$979
Cashflow
Cash Flow
$4,488 income − $5,467 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,585
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,488
Total Expenses
$5,467
Mortgage P&I
80%
$3,602
Property Taxes
2%
$101
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494