This property looks like a bad Mid-Term investment with a projected -12.53% first-year return on $161k initial cash invested.
-12.53%
Cash On Cash
3.99%
Cap Rate
0.6
DSCR
$3,933
Rent
-$1,677
Cashflow
Cash Flow
$3,933 income − $5,610 expenses = $1,677 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,933
Total Expenses
$5,610
Mortgage P&I
96%
$3,777
Property Taxes
7%
$258
Home Insurance
6%
$238
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433