This property looks like a bad Mid-Term investment with a projected -15.47% first-year return on $151k initial cash invested.
-15.47%
Cash On Cash
2.88%
Cap Rate
0.45
DSCR
$2,934
Rent
-$1,951
Cashflow
Cash Flow
$2,934 income − $4,885 expenses = $1,951 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,934
Total Expenses
$4,885
Mortgage P&I
115%
$3,360
Property Taxes
10%
$299
Home Insurance
8%
$229
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323