This property looks like a bad Mid-Term investment with a projected -9.96% first-year return on $154k initial cash invested.
-9.96%
Cash On Cash
4.01%
Cap Rate
0.66
DSCR
$3,999
Rent
-$1,280
Cashflow
Cash Flow
$3,999 income − $5,279 expenses = $1,280 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,999
Total Expenses
$5,279
Mortgage P&I
82%
$3,289
Property Taxes
9%
$348
Home Insurance
7%
$282
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440