This property looks like a bad Mid-Term investment with a projected -11.59% first-year return on $157k initial cash invested.
-11.59%
Cash On Cash
3.86%
Cap Rate
0.61
DSCR
$4,332
Rent
-$1,513
Cashflow
Cash Flow
$4,332 income − $5,845 expenses = $1,513 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,601
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,332
Total Expenses
$5,845
Mortgage P&I
80%
$3,466
Property Taxes
10%
$448
Home Insurance
6%
$254
HOA
5%
$204
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477