This property looks like a bad Mid-Term investment with a projected -10.31% first-year return on $158k initial cash invested.
-10.31%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$4,670
Rent
-$1,355
Cashflow
Cash Flow
$4,670 income − $6,025 expenses = $1,355 out of pocket
Investment Breakdown
|
Purchase Price
$666k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,656
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,670
Total Expenses
$6,025
Mortgage P&I
77%
$3,587
Property Taxes
13%
$624
Home Insurance
5%
$226
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514