This property looks like a bad Mid-Term investment with a projected -11.89% first-year return on $159k initial cash invested.
-11.89%
Cash On Cash
3.54%
Cap Rate
0.58
DSCR
$3,564
Rent
-$1,572
Cashflow
Cash Flow
$3,564 income − $5,136 expenses = $1,572 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,700
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,564
Total Expenses
$5,136
Mortgage P&I
96%
$3,407
Property Taxes
8%
$282
Home Insurance
7%
$234
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392