This property looks like a bad Mid-Term investment with a projected -11.44% first-year return on $157k initial cash invested.
-11.44%
Cash On Cash
4.19%
Cap Rate
0.63
DSCR
$3,634
Rent
-$1,493
Cashflow
Cash Flow
$3,634 income − $5,127 expenses = $1,493 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,599
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,634
Total Expenses
$5,127
Mortgage P&I
101%
$3,653
Property Taxes
0%
$8
Home Insurance
6%
$231
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400