This property looks like a bad Mid-Term investment with a projected -12.74% first-year return on $154k initial cash invested.
-12.74%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$3,800
Rent
-$1,638
Cashflow
Cash Flow
$3,800 income − $5,438 expenses = $1,638 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,489
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,800
Total Expenses
$5,438
Mortgage P&I
93%
$3,517
Property Taxes
9%
$335
Home Insurance
6%
$227
HOA
2%
$67
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418