This property looks like a bad Mid-Term investment with a projected -18.49% first-year return on $158k initial cash invested.
-18.49%
Cash On Cash
2.49%
Cap Rate
0.38
DSCR
$4,240
Rent
-$2,431
Cashflow
Cash Flow
$4,240 income − $6,671 expenses = $2,431 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,654
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,240
Total Expenses
$6,671
Mortgage P&I
86%
$3,640
Property Taxes
28%
$1,169
Home Insurance
10%
$420
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466