This property looks like a bad Mid-Term investment with a projected -8.64% first-year return on $154k initial cash invested.
-8.64%
Cash On Cash
4.86%
Cap Rate
0.74
DSCR
$4,904
Rent
-$1,107
Cashflow
Cash Flow
$4,904 income − $6,011 expenses = $1,107 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,464
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,904
Total Expenses
$6,011
Mortgage P&I
72%
$3,528
Property Taxes
12%
$589
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$588
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$539