This property looks like a bad Mid-Term investment with a projected -12.06% first-year return on $152k initial cash invested.
-12.06%
Cash On Cash
3.5%
Cap Rate
0.57
DSCR
$3,446
Rent
-$1,525
Cashflow
Cash Flow
$3,446 income − $4,971 expenses = $1,525 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,370
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,446
Total Expenses
$4,971
Mortgage P&I
94%
$3,247
Property Taxes
8%
$287
Home Insurance
6%
$223
HOA
1%
$42
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379