This property looks like a bad Mid-Term investment with a projected -15.11% first-year return on $158k initial cash invested.
-15.11%
Cash On Cash
3.25%
Cap Rate
0.49
DSCR
$2,952
Rent
-$1,995
Cashflow
Cash Flow
$2,952 income − $4,947 expenses = $1,995 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$4,947
Mortgage P&I
125%
$3,691
Property Taxes
1%
$18
Home Insurance
8%
$234
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325