This property looks like a bad Mid-Term investment with a projected -13.39% first-year return on $159k initial cash invested.
-13.39%
Cash On Cash
3.17%
Cap Rate
0.52
DSCR
$3,123
Rent
-$1,778
Cashflow
Cash Flow
$3,123 income − $4,901 expenses = $1,778 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,733
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,123
Total Expenses
$4,901
Mortgage P&I
110%
$3,430
Property Taxes
5%
$163
Home Insurance
8%
$245
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344