This property looks like a bad Mid-Term investment with a projected -14.93% first-year return on $156k initial cash invested.
-14.93%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$4,518
Rent
-$1,943
Cashflow
Cash Flow
$4,518 income − $6,461 expenses = $1,943 out of pocket
Investment Breakdown
|
Purchase Price
$658k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,581
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,518
Total Expenses
$6,461
Mortgage P&I
80%
$3,600
Property Taxes
25%
$1,132
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$497