This property looks like a bad Mid-Term investment with a projected -14.97% first-year return on $151k initial cash invested.
-14.97%
Cash On Cash
3.35%
Cap Rate
0.5
DSCR
$3,496
Rent
-$1,886
Cashflow
Cash Flow
$3,496 income − $5,382 expenses = $1,886 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,342
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,496
Total Expenses
$5,382
Mortgage P&I
101%
$3,518
Property Taxes
14%
$499
Home Insurance
5%
$175
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385