This property looks like a bad Mid-Term investment with a projected -8.48% first-year return on $152k initial cash invested.
-8.48%
Cash On Cash
4.72%
Cap Rate
0.74
DSCR
$5,019
Rent
-$1,072
Cashflow
Cash Flow
$5,019 income − $6,091 expenses = $1,072 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,365
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,019
Total Expenses
$6,091
Mortgage P&I
67%
$3,377
Property Taxes
16%
$802
Home Insurance
4%
$205
HOA
0%
$0
Property Management
12%
$602
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$552