This property looks like a bad Mid-Term investment with a projected -13.13% first-year return on $157k initial cash invested.
-13.13%
Cash On Cash
3.59%
Cap Rate
0.56
DSCR
$3,738
Rent
-$1,713
Cashflow
Cash Flow
$3,738 income − $5,451 expenses = $1,713 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,738
Total Expenses
$5,451
Mortgage P&I
95%
$3,537
Property Taxes
10%
$390
Home Insurance
6%
$231
HOA
1%
$21
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$411