This property looks like a bad Mid-Term investment with a projected -14.59% first-year return on $156k initial cash invested.
-14.59%
Cash On Cash
2.94%
Cap Rate
0.47
DSCR
$2,832
Rent
-$1,891
Cashflow
Cash Flow
$2,832 income − $4,723 expenses = $1,891 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,550
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,832
Total Expenses
$4,723
Mortgage P&I
119%
$3,384
Property Taxes
5%
$147
Home Insurance
8%
$229
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312