This property looks like a bad Mid-Term investment with a projected -11.93% first-year return on $159k initial cash invested.
-11.93%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$4,162
Rent
-$1,585
Cashflow
Cash Flow
$4,162 income − $5,747 expenses = $1,585 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,734
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,162
Total Expenses
$5,747
Mortgage P&I
89%
$3,714
Property Taxes
4%
$182
Home Insurance
6%
$254
HOA
4%
$183
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$458