This property looks like a bad Mid-Term investment with a projected -13.13% first-year return on $159k initial cash invested.
-13.13%
Cash On Cash
3.67%
Cap Rate
0.6
DSCR
$5,114
Rent
-$1,743
Cashflow
Cash Flow
$5,114 income − $6,857 expenses = $1,743 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$152k
Closing costs
1%
$7,585
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,114
Total Expenses
$6,857
Mortgage P&I
75%
$3,859
Property Taxes
19%
$992
Home Insurance
5%
$266
HOA
0%
$0
Property Management
12%
$614
CapEx
4%
$205
Vacancy
3%
$153
Maintenance
4%
$205
Other
11%
$563