This property looks like a bad Mid-Term investment with a projected -13.41% first-year return on $156k initial cash invested.
-13.41%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$3,652
Rent
-$1,743
Cashflow
Cash Flow
$3,652 income − $5,395 expenses = $1,743 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,571
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,652
Total Expenses
$5,395
Mortgage P&I
98%
$3,563
Property Taxes
8%
$297
Home Insurance
7%
$238
HOA
2%
$55
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402