This property looks like a bad Mid-Term investment with a projected -13.25% first-year return on $154k initial cash invested.
-13.25%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$4,444
Rent
-$1,696
Cashflow
Cash Flow
$4,444 income − $6,140 expenses = $1,696 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,459
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,444
Total Expenses
$6,140
Mortgage P&I
79%
$3,510
Property Taxes
20%
$888
Home Insurance
5%
$231
HOA
0%
$0
Property Management
12%
$533
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489