This property looks like a bad Mid-Term investment with a projected -8.74% first-year return on $159k initial cash invested.
-8.74%
Cash On Cash
4.73%
Cap Rate
0.73
DSCR
$4,680
Rent
-$1,162
Cashflow
Cash Flow
$4,680 income − $5,842 expenses = $1,162 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,737
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,680
Total Expenses
$5,842
Mortgage P&I
78%
$3,630
Property Taxes
9%
$406
Home Insurance
5%
$215
HOA
0%
$0
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515