This property looks like a bad Mid-Term investment with a projected -9.97% first-year return on $151k initial cash invested.
-9.97%
Cash On Cash
4.01%
Cap Rate
0.65
DSCR
$3,400
Rent
-$1,257
Cashflow
Cash Flow
$3,400 income − $4,657 expenses = $1,257 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,349
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,400
Total Expenses
$4,657
Mortgage P&I
95%
$3,241
Property Taxes
1%
$38
Home Insurance
7%
$222
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374