This property looks like a bad Mid-Term investment with a projected -8.42% first-year return on $152k initial cash invested.
-8.42%
Cash On Cash
4.89%
Cap Rate
0.75
DSCR
$5,426
Rent
-$1,068
Cashflow
Cash Flow
$5,426 income − $6,494 expenses = $1,068 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,389
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,426
Total Expenses
$6,494
Mortgage P&I
64%
$3,454
Property Taxes
18%
$985
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$651
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$597