This property looks like a bad Mid-Term investment with a projected -13.22% first-year return on $156k initial cash invested.
-13.22%
Cash On Cash
3.74%
Cap Rate
0.57
DSCR
$3,730
Rent
-$1,723
Cashflow
Cash Flow
$3,730 income − $5,453 expenses = $1,723 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%
$6,590
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,730
Total Expenses
$5,453
Mortgage P&I
97%
$3,630
Property Taxes
9%
$324
Home Insurance
6%
$231
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410