This property looks like a bad Mid-Term investment with a projected -9.81% first-year return on $154k initial cash invested.
-9.81%
Cash On Cash
4.48%
Cap Rate
0.69
DSCR
$4,641
Rent
-$1,257
Cashflow
Cash Flow
$4,641 income − $5,898 expenses = $1,257 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%
$6,464
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,641
Total Expenses
$5,898
Mortgage P&I
75%
$3,483
Property Taxes
13%
$602
Home Insurance
5%
$234
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511