This property looks like a bad Mid-Term investment with a projected -19.76% first-year return on $151k initial cash invested.
-19.76%
Cash On Cash
1.94%
Cap Rate
0.3
DSCR
$2,750
Rent
-$2,482
Cashflow
Cash Flow
$2,750 income − $5,232 expenses = $2,482 out of pocket
Investment Breakdown
|
Purchase Price
$632k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$126k
Closing costs
1%
$6,320
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,750
Total Expenses
$5,232
Mortgage P&I
123%
$3,394
Property Taxes
10%
$275
Home Insurance
8%
$224
HOA
15%
$405
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302