This property looks like a bad Mid-Term investment with a projected -9.9% first-year return on $157k initial cash invested.
-9.9%
Cash On Cash
4.29%
Cap Rate
0.68
DSCR
$5,028
Rent
-$1,296
Cashflow
Cash Flow
$5,028 income − $6,324 expenses = $1,296 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,620
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,028
Total Expenses
$6,324
Mortgage P&I
69%
$3,464
Property Taxes
12%
$611
Home Insurance
4%
$219
HOA
6%
$321
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553