This property looks like a bad Mid-Term investment with a projected -12.09% first-year return on $154k initial cash invested.
-12.09%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$4,064
Rent
-$1,547
Cashflow
Cash Flow
$4,064 income − $5,611 expenses = $1,547 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,456
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,064
Total Expenses
$5,611
Mortgage P&I
86%
$3,509
Property Taxes
12%
$506
Home Insurance
5%
$213
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447