This property looks like a bad Mid-Term investment with a projected -8.38% first-year return on $158k initial cash invested.
-8.38%
Cash On Cash
4.92%
Cap Rate
0.75
DSCR
$4,594
Rent
-$1,105
Cashflow
Cash Flow
$4,594 income − $5,699 expenses = $1,105 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,681
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,594
Total Expenses
$5,699
Mortgage P&I
80%
$3,661
Property Taxes
5%
$238
Home Insurance
5%
$238
HOA
0%
$0
Property Management
12%
$551
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$505