This property looks like a bad Mid-Term investment with a projected -10.27% first-year return on $154k initial cash invested.
-10.27%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$4,533
Rent
-$1,321
Cashflow
Cash Flow
$4,533 income − $5,854 expenses = $1,321 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,533
Total Expenses
$5,854
Mortgage P&I
79%
$3,566
Property Taxes
10%
$437
Home Insurance
5%
$227
HOA
2%
$83
Property Management
12%
$544
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$499