This property looks like a bad Mid-Term investment with a projected -15.16% first-year return on $152k initial cash invested.
-15.16%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$3,172
Rent
-$1,925
Cashflow
Cash Flow
$3,172 income − $5,097 expenses = $1,925 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,172
Total Expenses
$5,097
Mortgage P&I
110%
$3,474
Property Taxes
10%
$320
Home Insurance
7%
$224
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349