This property looks like a bad Mid-Term investment with a projected -14.92% first-year return on $152k initial cash invested.
-14.92%
Cash On Cash
2.79%
Cap Rate
0.46
DSCR
$2,856
Rent
-$1,895
Cashflow
Cash Flow
$2,856 income − $4,751 expenses = $1,895 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,399
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,856
Total Expenses
$4,751
Mortgage P&I
115%
$3,270
Property Taxes
10%
$282
Home Insurance
8%
$228
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314