This property looks like a bad Mid-Term investment with a projected -8.4% first-year return on $152k initial cash invested.
-8.4%
Cash On Cash
4.79%
Cap Rate
0.74
DSCR
$4,288
Rent
-$1,062
Cashflow
Cash Flow
$4,288 income − $5,350 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,370
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,288
Total Expenses
$5,350
Mortgage P&I
80%
$3,434
Property Taxes
5%
$233
Home Insurance
5%
$223
HOA
0%
$0
Property Management
12%
$515
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$472