This property looks like a bad Mid-Term investment with a projected -17.6% first-year return on $156k initial cash invested.
-17.6%
Cash On Cash
2.76%
Cap Rate
0.41
DSCR
$3,567
Rent
-$2,282
Cashflow
Cash Flow
$3,567 income − $5,849 expenses = $2,282 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,553
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,567
Total Expenses
$5,849
Mortgage P&I
102%
$3,644
Property Taxes
13%
$465
Home Insurance
7%
$236
HOA
8%
$291
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392