This property looks like a bad Mid-Term investment with a projected -12.45% first-year return on $156k initial cash invested.
-12.45%
Cash On Cash
3.98%
Cap Rate
0.6
DSCR
$4,071
Rent
-$1,622
Cashflow
Cash Flow
$4,071 income − $5,693 expenses = $1,622 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,590
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,071
Total Expenses
$5,693
Mortgage P&I
90%
$3,646
Property Taxes
9%
$366
Home Insurance
6%
$236
HOA
1%
$60
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448