This property looks like a bad Mid-Term investment with a projected -9.11% first-year return on $154k initial cash invested.
-9.11%
Cash On Cash
4.82%
Cap Rate
0.73
DSCR
$5,284
Rent
-$1,168
Cashflow
Cash Flow
$5,284 income − $6,452 expenses = $1,168 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,466
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,284
Total Expenses
$6,452
Mortgage P&I
67%
$3,552
Property Taxes
17%
$876
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$634
CapEx
4%
$211
Vacancy
3%
$159
Maintenance
4%
$211
Other
11%
$581