This property looks like a bad Mid-Term investment with a projected -9.33% first-year return on $155k initial cash invested.
-9.33%
Cash On Cash
4.64%
Cap Rate
0.71
DSCR
$4,815
Rent
-$1,207
Cashflow
Cash Flow
$4,815 income − $6,022 expenses = $1,207 out of pocket
Investment Breakdown
|
Purchase Price
$654k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,539
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,815
Total Expenses
$6,022
Mortgage P&I
74%
$3,544
Property Taxes
13%
$612
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530