This property looks like a bad Mid-Term investment with a projected -14.14% first-year return on $151k initial cash invested.
-14.14%
Cash On Cash
2.92%
Cap Rate
0.48
DSCR
$2,571
Rent
-$1,783
Cashflow
Cash Flow
$2,571 income − $4,354 expenses = $1,783 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,571
Total Expenses
$4,354
Mortgage P&I
125%
$3,224
Property Taxes
1%
$33
Home Insurance
9%
$222
HOA
0%
$0
Property Management
12%
$309
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$283