This property looks like a bad Mid-Term investment with a projected -7.99% first-year return on $156k initial cash invested.
-7.99%
Cash On Cash
4.53%
Cap Rate
0.74
DSCR
$4,404
Rent
-$1,038
Cashflow
Cash Flow
$4,404 income − $5,442 expenses = $1,038 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,571
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,404
Total Expenses
$5,442
Mortgage P&I
76%
$3,340
Property Taxes
8%
$373
Home Insurance
5%
$233
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484