This property looks like a bad Mid-Term investment with a projected -10.45% first-year return on $151k initial cash invested.
-10.45%
Cash On Cash
4.22%
Cap Rate
0.66
DSCR
$3,885
Rent
-$1,315
Cashflow
Cash Flow
$3,885 income − $5,200 expenses = $1,315 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,885
Total Expenses
$5,200
Mortgage P&I
87%
$3,386
Property Taxes
7%
$266
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427