This property looks like a bad Mid-Term investment with a projected -16.3% first-year return on $151k initial cash invested.
-16.3%
Cash On Cash
2.52%
Cap Rate
0.41
DSCR
$2,928
Rent
-$2,056
Cashflow
Cash Flow
$2,928 income − $4,984 expenses = $2,056 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,928
Total Expenses
$4,984
Mortgage P&I
112%
$3,273
Property Taxes
17%
$494
Home Insurance
8%
$222
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322