This property looks like a bad Mid-Term investment with a projected -11.15% first-year return on $157k initial cash invested.
-11.15%
Cash On Cash
4.14%
Cap Rate
0.64
DSCR
$4,832
Rent
-$1,456
Cashflow
Cash Flow
$4,832 income − $6,288 expenses = $1,456 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,608
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,832
Total Expenses
$6,288
Mortgage P&I
73%
$3,542
Property Taxes
18%
$860
Home Insurance
5%
$243
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532