This property looks like a bad Mid-Term investment with a projected -9.06% first-year return on $153k initial cash invested.
-9.06%
Cash On Cash
4.48%
Cap Rate
0.71
DSCR
$4,848
Rent
-$1,159
Cashflow
Cash Flow
$4,848 income − $6,007 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,450
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,848
Total Expenses
$6,007
Mortgage P&I
70%
$3,373
Property Taxes
16%
$760
Home Insurance
5%
$226
HOA
0%
$0
Property Management
12%
$582
CapEx
4%
$194
Vacancy
3%
$145
Maintenance
4%
$194
Other
11%
$533