This property looks like a bad Mid-Term investment with a projected -11.1% first-year return on $151k initial cash invested.
-11.1%
Cash On Cash
4.25%
Cap Rate
0.64
DSCR
$4,053
Rent
-$1,400
Cashflow
Cash Flow
$4,053 income − $5,453 expenses = $1,400 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,053
Total Expenses
$5,453
Mortgage P&I
86%
$3,487
Property Taxes
9%
$366
Home Insurance
5%
$222
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446