This property looks like a bad Mid-Term investment with a projected -10.65% first-year return on $154k initial cash invested.
-10.65%
Cash On Cash
4.41%
Cap Rate
0.67
DSCR
$4,650
Rent
-$1,365
Cashflow
Cash Flow
$4,650 income − $6,015 expenses = $1,365 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,469
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,650
Total Expenses
$6,015
Mortgage P&I
76%
$3,555
Property Taxes
14%
$651
Home Insurance
5%
$227
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512