This property looks like a bad Mid-Term investment with a projected -11.19% first-year return on $151k initial cash invested.
-11.19%
Cash On Cash
4.22%
Cap Rate
0.64
DSCR
$3,784
Rent
-$1,410
Cashflow
Cash Flow
$3,784 income − $5,194 expenses = $1,410 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,340
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,784
Total Expenses
$5,194
Mortgage P&I
92%
$3,486
Property Taxes
5%
$186
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$114
Maintenance
4%
$151
Other
11%
$416