This property looks like a bad Mid-Term investment with a projected -9.15% first-year return on $154k initial cash invested.
-9.15%
Cash On Cash
4.59%
Cap Rate
0.71
DSCR
$4,551
Rent
-$1,174
Cashflow
Cash Flow
$4,551 income − $5,725 expenses = $1,174 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,475
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,551
Total Expenses
$5,725
Mortgage P&I
76%
$3,471
Property Taxes
10%
$465
Home Insurance
5%
$241
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501