This property looks like a bad Mid-Term investment with a projected -15.33% first-year return on $157k initial cash invested.
-15.33%
Cash On Cash
3.07%
Cap Rate
0.48
DSCR
$3,396
Rent
-$2,012
Cashflow
Cash Flow
$3,396 income − $5,408 expenses = $2,012 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,642
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,396
Total Expenses
$5,408
Mortgage P&I
105%
$3,575
Property Taxes
13%
$439
Home Insurance
7%
$238
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374