This property looks like a bad Mid-Term investment with a projected -12.19% first-year return on $154k initial cash invested.
-12.19%
Cash On Cash
3.46%
Cap Rate
0.57
DSCR
$4,312
Rent
-$1,562
Cashflow
Cash Flow
$4,312 income − $5,874 expenses = $1,562 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,463
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,312
Total Expenses
$5,874
Mortgage P&I
75%
$3,253
Property Taxes
22%
$938
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474