This property looks like a bad Mid-Term investment with a projected -9.66% first-year return on $159k initial cash invested.
-9.66%
Cash On Cash
4.48%
Cap Rate
0.7
DSCR
$5,608
Rent
-$1,280
Cashflow
Cash Flow
$5,608 income − $6,888 expenses = $1,280 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,718
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,608
Total Expenses
$6,888
Mortgage P&I
64%
$3,566
Property Taxes
17%
$974
Home Insurance
6%
$350
HOA
2%
$92
Property Management
12%
$673
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$617