This property looks like a bad Mid-Term investment with a projected -7.11% first-year return on $158k initial cash invested.
-7.11%
Cash On Cash
4.92%
Cap Rate
0.79
DSCR
$5,084
Rent
-$937
Cashflow
Cash Flow
$5,084 income − $6,021 expenses = $937 out of pocket
Investment Breakdown
|
Purchase Price
$667k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,674
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,084
Total Expenses
$6,021
Mortgage P&I
68%
$3,469
Property Taxes
12%
$588
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559