This property looks like a bad Mid-Term investment with a projected -14.42% first-year return on $153k initial cash invested.
-14.42%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$4,125
Rent
-$1,840
Cashflow
Cash Flow
$4,125 income − $5,965 expenses = $1,840 out of pocket
Investment Breakdown
|
Purchase Price
$644k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,436
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,125
Total Expenses
$5,965
Mortgage P&I
85%
$3,504
Property Taxes
15%
$602
Home Insurance
6%
$234
HOA
5%
$222
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454