This property looks like a bad Mid-Term investment with a projected -11.67% first-year return on $154k initial cash invested.
-11.67%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$3,777
Rent
-$1,494
Cashflow
Cash Flow
$3,777 income − $5,271 expenses = $1,494 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,458
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,777
Total Expenses
$5,271
Mortgage P&I
92%
$3,486
Property Taxes
10%
$380
Home Insurance
3%
$122
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415