This property looks like a bad Mid-Term investment with a projected -16.9% first-year return on $151k initial cash invested.
-16.9%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$3,406
Rent
-$2,128
Cashflow
Cash Flow
$3,406 income − $5,534 expenses = $2,128 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,336
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,406
Total Expenses
$5,534
Mortgage P&I
100%
$3,422
Property Taxes
21%
$699
Home Insurance
7%
$255
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375