This property looks like a bad Mid-Term investment with a projected -8.46% first-year return on $154k initial cash invested.
-8.46%
Cash On Cash
4.39%
Cap Rate
0.73
DSCR
$5,090
Rent
-$1,083
Cashflow
Cash Flow
$5,090 income − $6,173 expenses = $1,083 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,455
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,090
Total Expenses
$6,173
Mortgage P&I
64%
$3,238
Property Taxes
19%
$975
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$611
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$560