This property looks like a bad Mid-Term investment with a projected -20.82% first-year return on $152k initial cash invested.
-20.82%
Cash On Cash
1.28%
Cap Rate
0.21
DSCR
$1,900
Rent
-$2,641
Cashflow
Cash Flow
$1,900 income − $4,541 expenses = $2,641 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,900
Total Expenses
$4,541
Mortgage P&I
171%
$3,247
Property Taxes
22%
$424
Home Insurance
12%
$224
HOA
0%
$0
Property Management
12%
$228
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$209