This property looks like a bad Mid-Term investment with a projected -17.03% first-year return on $159k initial cash invested.
-17.03%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$3,572
Rent
-$2,260
Cashflow
Cash Flow
$3,572 income − $5,832 expenses = $2,260 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,726
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,572
Total Expenses
$5,832
Mortgage P&I
103%
$3,687
Property Taxes
21%
$738
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393