This property looks like a bad Mid-Term investment with a projected -10.03% first-year return on $153k initial cash invested.
-10.03%
Cash On Cash
4.43%
Cap Rate
0.69
DSCR
$5,193
Rent
-$1,278
Cashflow
Cash Flow
$5,193 income − $6,471 expenses = $1,278 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,427
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,193
Total Expenses
$6,471
Mortgage P&I
66%
$3,442
Property Taxes
13%
$652
Home Insurance
5%
$245
HOA
7%
$366
Property Management
12%
$623
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$571