This property looks like a bad Mid-Term investment with a projected -9.43% first-year return on $151k initial cash invested.
-9.43%
Cash On Cash
4.47%
Cap Rate
0.7
DSCR
$4,008
Rent
-$1,190
Cashflow
Cash Flow
$4,008 income − $5,198 expenses = $1,190 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,351
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,008
Total Expenses
$5,198
Mortgage P&I
85%
$3,396
Property Taxes
4%
$143
Home Insurance
7%
$297
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441