This property looks like a bad Mid-Term investment with a projected -10.66% first-year return on $153k initial cash invested.
-10.66%
Cash On Cash
4.26%
Cap Rate
0.66
DSCR
$4,414
Rent
-$1,356
Cashflow
Cash Flow
$4,414 income − $5,770 expenses = $1,356 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,412
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,414
Total Expenses
$5,770
Mortgage P&I
78%
$3,456
Property Taxes
13%
$592
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$132
Maintenance
4%
$177
Other
11%
$486