This property looks like a bad Mid-Term investment with a projected -8.63% first-year return on $157k initial cash invested.
-8.63%
Cash On Cash
4.41%
Cap Rate
0.72
DSCR
$4,348
Rent
-$1,130
Cashflow
Cash Flow
$4,348 income − $5,478 expenses = $1,130 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,622
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,348
Total Expenses
$5,478
Mortgage P&I
78%
$3,392
Property Taxes
7%
$322
Home Insurance
5%
$236
HOA
1%
$50
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478