This property looks like a bad Mid-Term investment with a projected -18.84% first-year return on $158k initial cash invested.
-18.84%
Cash On Cash
2.03%
Cap Rate
0.32
DSCR
$3,321
Rent
-$2,479
Cashflow
Cash Flow
$3,321 income − $5,800 expenses = $2,479 out of pocket
Investment Breakdown
|
Purchase Price
$666k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,662
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,321
Total Expenses
$5,800
Mortgage P&I
105%
$3,472
Property Taxes
16%
$533
Home Insurance
7%
$245
HOA
13%
$420
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365