This property looks like a bad Mid-Term investment with a projected -16.21% first-year return on $154k initial cash invested.
-16.21%
Cash On Cash
2.86%
Cap Rate
0.44
DSCR
$2,796
Rent
-$2,084
Cashflow
Cash Flow
$2,796 income − $4,880 expenses = $2,084 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,796
Total Expenses
$4,880
Mortgage P&I
126%
$3,518
Property Taxes
7%
$183
Home Insurance
8%
$227
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308