This property looks like a bad Mid-Term investment with a projected -8.93% first-year return on $151k initial cash invested.
-8.93%
Cash On Cash
4.34%
Cap Rate
0.71
DSCR
$4,869
Rent
-$1,124
Cashflow
Cash Flow
$4,869 income − $5,993 expenses = $1,124 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,339
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,869
Total Expenses
$5,993
Mortgage P&I
66%
$3,220
Property Taxes
18%
$898
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$584
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536