This property looks like a bad Mid-Term investment with a projected -12.04% first-year return on $158k initial cash invested.
-12.04%
Cash On Cash
3.53%
Cap Rate
0.58
DSCR
$4,251
Rent
-$1,590
Cashflow
Cash Flow
$4,251 income − $5,841 expenses = $1,590 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,687
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,251
Total Expenses
$5,841
Mortgage P&I
80%
$3,386
Property Taxes
18%
$764
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468