This property looks like a bad Mid-Term investment with a projected -9.22% first-year return on $157k initial cash invested.
-9.22%
Cash On Cash
4.77%
Cap Rate
0.72
DSCR
$4,728
Rent
-$1,206
Cashflow
Cash Flow
$4,728 income − $5,934 expenses = $1,206 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,618
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,728
Total Expenses
$5,934
Mortgage P&I
77%
$3,650
Property Taxes
9%
$432
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$567
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$520