This property looks like a bad Mid-Term investment with a projected -13.78% first-year return on $159k initial cash invested.
-13.78%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$3,873
Rent
-$1,830
Cashflow
Cash Flow
$3,873 income − $5,703 expenses = $1,830 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,731
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,873
Total Expenses
$5,703
Mortgage P&I
97%
$3,738
Property Taxes
9%
$353
Home Insurance
6%
$245
HOA
1%
$50
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426