This property looks like a bad Mid-Term investment with a projected -15.63% first-year return on $153k initial cash invested.
-15.63%
Cash On Cash
2.68%
Cap Rate
0.44
DSCR
$3,188
Rent
-$1,997
Cashflow
Cash Flow
$3,188 income − $5,185 expenses = $1,997 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,446
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,188
Total Expenses
$5,185
Mortgage P&I
104%
$3,310
Property Taxes
17%
$553
Home Insurance
7%
$236
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351