This property looks like a bad Mid-Term investment with a projected -12.45% first-year return on $151k initial cash invested.
-12.45%
Cash On Cash
3.95%
Cap Rate
0.6
DSCR
$4,280
Rent
-$1,570
Cashflow
Cash Flow
$4,280 income − $5,850 expenses = $1,570 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,280
Total Expenses
$5,850
Mortgage P&I
81%
$3,487
Property Taxes
16%
$686
Home Insurance
5%
$222
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$471