This property looks like a bad Mid-Term investment with a projected -15.43% first-year return on $157k initial cash invested.
-15.43%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$3,576
Rent
-$2,020
Cashflow
Cash Flow
$3,576 income − $5,596 expenses = $2,020 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,625
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,576
Total Expenses
$5,596
Mortgage P&I
101%
$3,605
Property Taxes
15%
$548
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393