This property looks like a bad Mid-Term investment with a projected -16.04% first-year return on $157k initial cash invested.
-16.04%
Cash On Cash
3.1%
Cap Rate
0.47
DSCR
$3,705
Rent
-$2,095
Cashflow
Cash Flow
$3,705 income − $5,800 expenses = $2,095 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,608
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,705
Total Expenses
$5,800
Mortgage P&I
99%
$3,655
Property Taxes
18%
$649
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408