This property looks like a bad Mid-Term investment with a projected -15.4% first-year return on $158k initial cash invested.
-15.4%
Cash On Cash
3.05%
Cap Rate
0.47
DSCR
$3,357
Rent
-$2,026
Cashflow
Cash Flow
$3,357 income − $5,383 expenses = $2,026 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%
$6,661
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,357
Total Expenses
$5,383
Mortgage P&I
107%
$3,585
Property Taxes
12%
$417
Home Insurance
7%
$240
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369