This property looks like a bad Mid-Term investment with a projected -12.76% first-year return on $151k initial cash invested.
-12.76%
Cash On Cash
3.84%
Cap Rate
0.59
DSCR
$5,080
Rent
-$1,604
Cashflow
Cash Flow
$5,080 income − $6,684 expenses = $1,604 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,325
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,080
Total Expenses
$6,684
Mortgage P&I
67%
$3,424
Property Taxes
9%
$479
Home Insurance
4%
$219
HOA
16%
$835
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$559