This property looks like a bad Mid-Term investment with a projected -16.29% first-year return on $152k initial cash invested.
-16.29%
Cash On Cash
2.77%
Cap Rate
0.43
DSCR
$3,706
Rent
-$2,069
Cashflow
Cash Flow
$3,706 income − $5,775 expenses = $2,069 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,706
Total Expenses
$5,775
Mortgage P&I
92%
$3,397
Property Taxes
22%
$815
Home Insurance
8%
$303
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408