This property looks like a bad Mid-Term investment with a projected -13.49% first-year return on $154k initial cash invested.
-13.49%
Cash On Cash
3.26%
Cap Rate
0.53
DSCR
$3,802
Rent
-$1,731
Cashflow
Cash Flow
$3,802 income − $5,533 expenses = $1,731 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,476
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,802
Total Expenses
$5,533
Mortgage P&I
88%
$3,338
Property Taxes
16%
$609
Home Insurance
8%
$294
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418