This property looks like a bad Mid-Term investment with a projected -11.61% first-year return on $154k initial cash invested.
-11.61%
Cash On Cash
4.18%
Cap Rate
0.63
DSCR
$4,200
Rent
-$1,491
Cashflow
Cash Flow
$4,200 income − $5,691 expenses = $1,491 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,483
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,200
Total Expenses
$5,691
Mortgage P&I
85%
$3,579
Property Taxes
10%
$417
Home Insurance
5%
$227
HOA
1%
$40
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462