This property looks like a bad Mid-Term investment with a projected -8.36% first-year return on $155k initial cash invested.
-8.36%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$5,070
Rent
-$1,080
Cashflow
Cash Flow
$5,070 income − $6,150 expenses = $1,080 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,523
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,070
Total Expenses
$6,150
Mortgage P&I
70%
$3,560
Property Taxes
12%
$588
Home Insurance
5%
$278
HOA
0%
$0
Property Management
12%
$608
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$558