This property looks like a bad Mid-Term investment with a projected -12.36% first-year return on $159k initial cash invested.
-12.36%
Cash On Cash
3.91%
Cap Rate
0.6
DSCR
$3,886
Rent
-$1,637
Cashflow
Cash Flow
$3,886 income − $5,523 expenses = $1,637 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,708
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,886
Total Expenses
$5,523
Mortgage P&I
94%
$3,666
Property Taxes
8%
$292
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427