This property looks like a bad Mid-Term investment with a projected -15.16% first-year return on $153k initial cash invested.
-15.16%
Cash On Cash
2.77%
Cap Rate
0.46
DSCR
$3,978
Rent
-$1,928
Cashflow
Cash Flow
$3,978 income − $5,906 expenses = $1,928 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,408
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,978
Total Expenses
$5,906
Mortgage P&I
82%
$3,249
Property Taxes
29%
$1,137
Home Insurance
4%
$168
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$438