This property looks like a bad Mid-Term investment with a projected -10.57% first-year return on $153k initial cash invested.
-10.57%
Cash On Cash
4.14%
Cap Rate
0.66
DSCR
$4,620
Rent
-$1,347
Cashflow
Cash Flow
$4,620 income − $5,967 expenses = $1,347 out of pocket
Investment Breakdown
|
Purchase Price
$642k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,422
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,620
Total Expenses
$5,967
Mortgage P&I
73%
$3,379
Property Taxes
17%
$784
Home Insurance
5%
$233
HOA
0%
$0
Property Management
12%
$554
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$508