This property looks like a bad Mid-Term investment with a projected -9.56% first-year return on $151k initial cash invested.
-9.56%
Cash On Cash
4.71%
Cap Rate
0.71
DSCR
$4,722
Rent
-$1,199
Cashflow
Cash Flow
$4,722 income − $5,921 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$631k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$126k
Closing costs
1%
$6,312
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,722
Total Expenses
$5,921
Mortgage P&I
74%
$3,490
Property Taxes
12%
$571
Home Insurance
5%
$254
HOA
0%
$0
Property Management
12%
$567
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519