This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $157k initial cash invested.
-7.02%
Cash On Cash
4.72%
Cap Rate
0.78
DSCR
$4,686
Rent
-$919
Cashflow
Cash Flow
$4,686 income − $5,605 expenses = $919 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,625
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,686
Total Expenses
$5,605
Mortgage P&I
71%
$3,336
Property Taxes
9%
$407
Home Insurance
5%
$236
HOA
1%
$34
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$141
Maintenance
4%
$187
Other
11%
$515