This property looks like a bad Mid-Term investment with a projected -10.45% first-year return on $157k initial cash invested.
-10.45%
Cash On Cash
3.89%
Cap Rate
0.64
DSCR
$4,308
Rent
-$1,363
Cashflow
Cash Flow
$4,308 income − $5,671 expenses = $1,363 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,598
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,308
Total Expenses
$5,671
Mortgage P&I
77%
$3,331
Property Taxes
14%
$608
Home Insurance
6%
$268
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474