This property looks like a bad Mid-Term investment with a projected -15.37% first-year return on $151k initial cash invested.
-15.37%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$3,975
Rent
-$1,931
Cashflow
Cash Flow
$3,975 income − $5,906 expenses = $1,931 out of pocket
Investment Breakdown
|
Purchase Price
$632k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$126k
Closing costs
1%
$6,322
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,975
Total Expenses
$5,906
Mortgage P&I
87%
$3,446
Property Taxes
22%
$878
Home Insurance
6%
$231
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437