This property looks like a bad Mid-Term investment with a projected -20.73% first-year return on $151k initial cash invested.
-20.73%
Cash On Cash
1.84%
Cap Rate
0.28
DSCR
$2,572
Rent
-$2,608
Cashflow
Cash Flow
$2,572 income − $5,180 expenses = $2,608 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,331
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,572
Total Expenses
$5,180
Mortgage P&I
135%
$3,476
Property Taxes
23%
$597
Home Insurance
9%
$228
HOA
0%
$4
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283