This property looks like a bad Mid-Term investment with a projected -16.56% first-year return on $159k initial cash invested.
-16.56%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$3,246
Rent
-$2,199
Cashflow
Cash Flow
$3,246 income − $5,445 expenses = $2,199 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,731
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,246
Total Expenses
$5,445
Mortgage P&I
113%
$3,679
Property Taxes
12%
$379
Home Insurance
8%
$245
HOA
1%
$38
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357