This property looks like a bad Mid-Term investment with a projected -12.9% first-year return on $156k initial cash invested.
-12.9%
Cash On Cash
3.66%
Cap Rate
0.57
DSCR
$4,107
Rent
-$1,682
Cashflow
Cash Flow
$4,107 income − $5,789 expenses = $1,682 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,594
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,107
Total Expenses
$5,789
Mortgage P&I
86%
$3,531
Property Taxes
15%
$622
Home Insurance
6%
$240
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452