This property looks like a bad Mid-Term investment with a projected -13.19% first-year return on $158k initial cash invested.
-13.19%
Cash On Cash
3.2%
Cap Rate
0.53
DSCR
$3,429
Rent
-$1,732
Cashflow
Cash Flow
$3,429 income − $5,161 expenses = $1,732 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,645
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,429
Total Expenses
$5,161
Mortgage P&I
98%
$3,368
Property Taxes
11%
$383
Home Insurance
7%
$245
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377