This property looks like a bad Mid-Term investment with a projected -11.95% first-year return on $154k initial cash invested.
-11.95%
Cash On Cash
4.12%
Cap Rate
0.62
DSCR
$4,402
Rent
-$1,537
Cashflow
Cash Flow
$4,402 income − $5,939 expenses = $1,537 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,402
Total Expenses
$5,939
Mortgage P&I
82%
$3,588
Property Taxes
14%
$628
Home Insurance
5%
$227
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484