This property looks like a bad Mid-Term investment with a projected -13.35% first-year return on $151k initial cash invested.
-13.35%
Cash On Cash
3.95%
Cap Rate
0.58
DSCR
$4,362
Rent
-$1,678
Cashflow
Cash Flow
$4,362 income − $6,040 expenses = $1,678 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,327
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,362
Total Expenses
$6,040
Mortgage P&I
82%
$3,588
Property Taxes
15%
$664
Home Insurance
7%
$306
HOA
0%
$0
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$480