This property looks like a bad Mid-Term investment with a projected -9.19% first-year return on $154k initial cash invested.
-9.19%
Cash On Cash
4.55%
Cap Rate
0.72
DSCR
$5,148
Rent
-$1,182
Cashflow
Cash Flow
$5,148 income − $6,330 expenses = $1,182 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.0%
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
$5,148
Total Expenses
$6,330
Mortgage P&I
67%
$3,439
Property Taxes
18%
$913
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$618
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566