This property looks like a bad Mid-Term investment with a projected -14.99% first-year return on $152k initial cash invested.
-14.99%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$4,437
Rent
-$1,904
Cashflow
Cash Flow
$4,437 income − $6,341 expenses = $1,904 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,437
Total Expenses
$6,341
Mortgage P&I
79%
$3,504
Property Taxes
25%
$1,106
Home Insurance
5%
$224
HOA
0%
$0
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488