This property looks like a bad Mid-Term investment with a projected -10.26% first-year return on $155k initial cash invested.
-10.26%
Cash On Cash
3.84%
Cap Rate
0.64
DSCR
$3,588
Rent
-$1,325
Cashflow
Cash Flow
$3,588 income − $4,913 expenses = $1,325 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,520
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,588
Total Expenses
$4,913
Mortgage P&I
91%
$3,268
Property Taxes
5%
$187
Home Insurance
7%
$236
HOA
0%
$0
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395