This property looks like a bad Mid-Term investment with a projected -12.69% first-year return on $155k initial cash invested.
-12.69%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$3,621
Rent
-$1,643
Cashflow
Cash Flow
$3,621 income − $5,264 expenses = $1,643 out of pocket
Investment Breakdown
|
Purchase Price
$654k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,542
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,621
Total Expenses
$5,264
Mortgage P&I
100%
$3,611
Property Taxes
5%
$183
Home Insurance
7%
$238
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398