This property looks like a bad Mid-Term investment with a projected -9.2% first-year return on $157k initial cash invested.
-9.2%
Cash On Cash
4.54%
Cap Rate
0.71
DSCR
$4,796
Rent
-$1,203
Cashflow
Cash Flow
$4,796 income − $5,999 expenses = $1,203 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,611
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,796
Total Expenses
$5,999
Mortgage P&I
73%
$3,510
Property Taxes
13%
$625
Home Insurance
5%
$232
HOA
0%
$0
Property Management
12%
$576
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$528