This property looks like a bad Mid-Term investment with a projected -13.39% first-year return on $152k initial cash invested.
-13.39%
Cash On Cash
3.51%
Cap Rate
0.55
DSCR
$4,486
Rent
-$1,698
Cashflow
Cash Flow
$4,486 income − $6,184 expenses = $1,698 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,387
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,486
Total Expenses
$6,184
Mortgage P&I
75%
$3,385
Property Taxes
23%
$1,037
Home Insurance
5%
$238
HOA
0%
$0
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$135
Maintenance
4%
$179
Other
11%
$493