This property looks like a bad Mid-Term investment with a projected -12.91% first-year return on $154k initial cash invested.
-12.91%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$4,214
Rent
-$1,654
Cashflow
Cash Flow
$4,214 income − $5,868 expenses = $1,654 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,463
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,214
Total Expenses
$5,868
Mortgage P&I
83%
$3,480
Property Taxes
13%
$544
Home Insurance
6%
$262
HOA
4%
$148
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464