This property looks like a bad Mid-Term investment with a projected -13.43% first-year return on $154k initial cash invested.
-13.43%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$3,908
Rent
-$1,725
Cashflow
Cash Flow
$3,908 income − $5,633 expenses = $1,725 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,480
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,908
Total Expenses
$5,633
Mortgage P&I
90%
$3,500
Property Taxes
15%
$578
Home Insurance
6%
$227
HOA
0%
$0
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430