This property looks like a bad Mid-Term investment with a projected -7.46% first-year return on $159k initial cash invested.
-7.46%
Cash On Cash
5.14%
Cap Rate
0.78
DSCR
$5,004
Rent
-$987
Cashflow
Cash Flow
$5,004 income − $5,991 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,699
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,004
Total Expenses
$5,991
Mortgage P&I
73%
$3,656
Property Taxes
8%
$395
Home Insurance
5%
$240
HOA
0%
$0
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550