This property looks like a bad Mid-Term investment with a projected -11.62% first-year return on $157k initial cash invested.
-11.62%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$4,526
Rent
-$1,520
Cashflow
Cash Flow
$4,526 income − $6,046 expenses = $1,520 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,615
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,526
Total Expenses
$6,046
Mortgage P&I
80%
$3,626
Property Taxes
14%
$648
Home Insurance
5%
$233
HOA
0%
$0
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498