This property looks like a bad Mid-Term investment with a projected -12.24% first-year return on $152k initial cash invested.
-12.24%
Cash On Cash
3.96%
Cap Rate
0.6
DSCR
$4,298
Rent
-$1,553
Cashflow
Cash Flow
$4,298 income − $5,851 expenses = $1,553 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%
$6,396
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,298
Total Expenses
$5,851
Mortgage P&I
81%
$3,491
Property Taxes
16%
$670
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473