This property looks like a bad Mid-Term investment with a projected -9.4% first-year return on $159k initial cash invested.
-9.4%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$4,962
Rent
-$1,246
Cashflow
Cash Flow
$4,962 income − $6,208 expenses = $1,246 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,721
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,962
Total Expenses
$6,208
Mortgage P&I
75%
$3,713
Property Taxes
11%
$564
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$595
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$546