This property looks like a bad Mid-Term investment with a projected -17.36% first-year return on $159k initial cash invested.
-17.36%
Cash On Cash
2.52%
Cap Rate
0.39
DSCR
$3,020
Rent
-$2,293
Cashflow
Cash Flow
$3,020 income − $5,313 expenses = $2,293 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,692
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,020
Total Expenses
$5,313
Mortgage P&I
119%
$3,580
Property Taxes
16%
$470
Home Insurance
8%
$236
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$332