This property looks like a bad Mid-Term investment with a projected -13.36% first-year return on $156k initial cash invested.
-13.36%
Cash On Cash
3.3%
Cap Rate
0.54
DSCR
$4,768
Rent
-$1,739
Cashflow
Cash Flow
$4,768 income − $6,507 expenses = $1,739 out of pocket
Investment Breakdown
|
Purchase Price
$658k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,580
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,768
Total Expenses
$6,507
Mortgage P&I
70%
$3,355
Property Taxes
22%
$1,048
Home Insurance
5%
$231
HOA
5%
$252
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$524