This property looks like a bad Mid-Term investment with a projected -14.95% first-year return on $158k initial cash invested.
-14.95%
Cash On Cash
3.39%
Cap Rate
0.51
DSCR
$3,936
Rent
-$1,962
Cashflow
Cash Flow
$3,936 income − $5,898 expenses = $1,962 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,936
Total Expenses
$5,898
Mortgage P&I
94%
$3,681
Property Taxes
16%
$638
Home Insurance
6%
$242
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433