This property looks like a bad Mid-Term investment with a projected -12.36% first-year return on $153k initial cash invested.
-12.36%
Cash On Cash
3.75%
Cap Rate
0.59
DSCR
$3,816
Rent
-$1,574
Cashflow
Cash Flow
$3,816 income − $5,390 expenses = $1,574 out of pocket
Investment Breakdown
|
Purchase Price
$642k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,420
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,816
Total Expenses
$5,390
Mortgage P&I
90%
$3,426
Property Taxes
12%
$441
Home Insurance
6%
$225
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$420