This property looks like a bad Mid-Term investment with a projected -14.13% first-year return on $157k initial cash invested.
-14.13%
Cash On Cash
3.38%
Cap Rate
0.52
DSCR
$3,986
Rent
-$1,844
Cashflow
Cash Flow
$3,986 income − $5,830 expenses = $1,844 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,986
Total Expenses
$5,830
Mortgage P&I
89%
$3,543
Property Taxes
13%
$505
Home Insurance
7%
$278
HOA
4%
$150
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$120
Maintenance
4%
$159
Other
11%
$438