This property looks like a bad Mid-Term investment with a projected -19.25% first-year return on $158k initial cash invested.
-19.25%
Cash On Cash
1.82%
Cap Rate
0.29
DSCR
$2,210
Rent
-$2,537
Cashflow
Cash Flow
$2,210 income − $4,747 expenses = $2,537 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,675
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,210
Total Expenses
$4,747
Mortgage P&I
157%
$3,460
Property Taxes
14%
$303
Home Insurance
11%
$234
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243