This property looks like a bad Mid-Term investment with a projected -11.43% first-year return on $157k initial cash invested.
-11.43%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$4,094
Rent
-$1,495
Cashflow
Cash Flow
$4,094 income − $5,589 expenses = $1,495 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,617
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,094
Total Expenses
$5,589
Mortgage P&I
87%
$3,576
Property Taxes
9%
$383
Home Insurance
6%
$238
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450