This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $157k initial cash invested.
-7.22%
Cash On Cash
5.08%
Cap Rate
0.79
DSCR
$4,732
Rent
-$945
Cashflow
Cash Flow
$4,732 income − $5,677 expenses = $945 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,619
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,732
Total Expenses
$5,677
Mortgage P&I
75%
$3,556
Property Taxes
6%
$284
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$521