This property looks like a bad Mid-Term investment with a projected -9.2% first-year return on $151k initial cash invested.
-9.2%
Cash On Cash
4.24%
Cap Rate
0.7
DSCR
$4,518
Rent
-$1,155
Cashflow
Cash Flow
$4,518 income − $5,673 expenses = $1,155 out of pocket
Investment Breakdown
|
Purchase Price
$632k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,518
Total Expenses
$5,673
Mortgage P&I
71%
$3,209
Property Taxes
15%
$699
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$497