This property looks like a bad Mid-Term investment with a projected -14.11% first-year return on $159k initial cash invested.
-14.11%
Cash On Cash
3.47%
Cap Rate
0.53
DSCR
$3,486
Rent
-$1,868
Cashflow
Cash Flow
$3,486 income − $5,354 expenses = $1,868 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,710
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,486
Total Expenses
$5,354
Mortgage P&I
105%
$3,668
Property Taxes
4%
$155
Home Insurance
7%
$247
HOA
3%
$100
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$105
Maintenance
4%
$139
Other
11%
$383