This property looks like a bad Mid-Term investment with a projected -18.4% first-year return on $151k initial cash invested.
-18.4%
Cash On Cash
2.54%
Cap Rate
0.38
DSCR
$2,902
Rent
-$2,312
Cashflow
Cash Flow
$2,902 income − $5,214 expenses = $2,312 out of pocket
Investment Breakdown
|
Purchase Price
$632k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$126k
Closing costs
1%
$6,324
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,902
Total Expenses
$5,214
Mortgage P&I
122%
$3,537
Property Taxes
16%
$458
Home Insurance
8%
$233
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319