This property looks like a bad Mid-Term investment with a projected -17.84% first-year return on $159k initial cash invested.
-17.84%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$3,150
Rent
-$2,360
Cashflow
Cash Flow
$3,150 income − $5,510 expenses = $2,360 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,700
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,150
Total Expenses
$5,510
Mortgage P&I
116%
$3,648
Property Taxes
18%
$558
Home Insurance
7%
$234
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346