This property looks like a bad Mid-Term investment with a projected -13.78% first-year return on $154k initial cash invested.
-13.78%
Cash On Cash
3.2%
Cap Rate
0.51
DSCR
$3,339
Rent
-$1,769
Cashflow
Cash Flow
$3,339 income − $5,108 expenses = $1,769 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,477
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,339
Total Expenses
$5,108
Mortgage P&I
101%
$3,361
Property Taxes
12%
$384
Home Insurance
7%
$227
HOA
0%
$0
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367