This property looks like a bad Mid-Term investment with a projected -16.86% first-year return on $156k initial cash invested.
-16.86%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$2,604
Rent
-$2,197
Cashflow
Cash Flow
$2,604 income − $4,801 expenses = $2,197 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,588
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,604
Total Expenses
$4,801
Mortgage P&I
138%
$3,599
Property Taxes
3%
$75
Home Insurance
9%
$243
HOA
0%
$0
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286