This property looks like a bad Mid-Term investment with a projected -8.74% first-year return on $154k initial cash invested.
-8.74%
Cash On Cash
4.27%
Cap Rate
0.71
DSCR
$4,098
Rent
-$1,119
Cashflow
Cash Flow
$4,098 income − $5,217 expenses = $1,119 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,456
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,098
Total Expenses
$5,217
Mortgage P&I
79%
$3,250
Property Taxes
8%
$342
Home Insurance
6%
$231
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451