This property looks like a bad Mid-Term investment with a projected -10.81% first-year return on $158k initial cash invested.
-10.81%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$5,170
Rent
-$1,419
Cashflow
Cash Flow
$5,170 income − $6,589 expenses = $1,419 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,643
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,170
Total Expenses
$6,589
Mortgage P&I
70%
$3,641
Property Taxes
19%
$962
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569