This property looks like a bad Mid-Term investment with a projected -10.25% first-year return on $152k initial cash invested.
-10.25%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$4,090
Rent
-$1,301
Cashflow
Cash Flow
$4,090 income − $5,391 expenses = $1,301 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,399
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,090
Total Expenses
$5,391
Mortgage P&I
86%
$3,536
Property Taxes
6%
$239
Home Insurance
5%
$224
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450