This property looks like a bad Mid-Term investment with a projected -10.06% first-year return on $155k initial cash invested.
-10.06%
Cash On Cash
4.64%
Cap Rate
0.7
DSCR
$5,380
Rent
-$1,303
Cashflow
Cash Flow
$5,380 income − $6,683 expenses = $1,303 out of pocket
Investment Breakdown
|
Purchase Price
$654k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,543
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,380
Total Expenses
$6,683
Mortgage P&I
67%
$3,619
Property Taxes
19%
$1,007
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$646
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$592