This property looks like a bad Mid-Term investment with a projected -14.31% first-year return on $152k initial cash invested.
-14.31%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$3,794
Rent
-$1,817
Cashflow
Cash Flow
$3,794 income − $5,611 expenses = $1,817 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%
$6,401
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,794
Total Expenses
$5,611
Mortgage P&I
92%
$3,508
Property Taxes
15%
$582
Home Insurance
6%
$231
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417