This property looks like a bad Mid-Term investment with a projected -11.59% first-year return on $152k initial cash invested.
-11.59%
Cash On Cash
3.57%
Cap Rate
0.59
DSCR
$3,566
Rent
-$1,464
Cashflow
Cash Flow
$3,566 income − $5,030 expenses = $1,464 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,361
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,566
Total Expenses
$5,030
Mortgage P&I
90%
$3,212
Property Taxes
8%
$293
Home Insurance
7%
$245
HOA
2%
$67
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392