This property looks like a bad Mid-Term investment with a projected -11.48% first-year return on $156k initial cash invested.
-11.48%
Cash On Cash
4.06%
Cap Rate
0.63
DSCR
$4,350
Rent
-$1,492
Cashflow
Cash Flow
$4,350 income − $5,842 expenses = $1,492 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,568
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,350
Total Expenses
$5,842
Mortgage P&I
81%
$3,539
Property Taxes
14%
$591
Home Insurance
5%
$234
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478