This property looks like a bad Mid-Term investment with a projected -8.54% first-year return on $158k initial cash invested.
-8.54%
Cash On Cash
4.74%
Cap Rate
0.74
DSCR
$4,929
Rent
-$1,127
Cashflow
Cash Flow
$4,929 income − $6,056 expenses = $1,127 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,680
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,929
Total Expenses
$6,056
Mortgage P&I
72%
$3,571
Property Taxes
12%
$576
Home Insurance
5%
$234
HOA
0%
$0
Property Management
12%
$591
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$542