This property looks like a bad Mid-Term investment with a projected -9.41% first-year return on $159k initial cash invested.
-9.41%
Cash On Cash
4.7%
Cap Rate
0.72
DSCR
$5,734
Rent
-$1,245
Cashflow
Cash Flow
$5,734 income − $6,979 expenses = $1,245 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,706
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,734
Total Expenses
$6,979
Mortgage P&I
63%
$3,640
Property Taxes
20%
$1,162
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$688
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$631