This property looks like a bad Mid-Term investment with a projected -15.59% first-year return on $151k initial cash invested.
-15.59%
Cash On Cash
2.7%
Cap Rate
0.44
DSCR
$3,354
Rent
-$1,965
Cashflow
Cash Flow
$3,354 income − $5,319 expenses = $1,965 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,343
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,354
Total Expenses
$5,319
Mortgage P&I
97%
$3,260
Property Taxes
18%
$604
Home Insurance
7%
$231
HOA
3%
$84
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369