This property looks like a bad Mid-Term investment with a projected -14.17% first-year return on $159k initial cash invested.
-14.17%
Cash On Cash
3.32%
Cap Rate
0.52
DSCR
$3,903
Rent
-$1,877
Cashflow
Cash Flow
$3,903 income − $5,780 expenses = $1,877 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,714
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,903
Total Expenses
$5,780
Mortgage P&I
92%
$3,580
Property Taxes
16%
$629
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429