This property looks like a bad Mid-Term investment with a projected -8.19% first-year return on $153k initial cash invested.
-8.19%
Cash On Cash
4.94%
Cap Rate
0.76
DSCR
$5,084
Rent
-$1,042
Cashflow
Cash Flow
$5,084 income − $6,126 expenses = $1,042 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,412
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,084
Total Expenses
$6,126
Mortgage P&I
68%
$3,481
Property Taxes
14%
$689
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559