This property looks like a bad Mid-Term investment with a projected -8.53% first-year return on $155k initial cash invested.
-8.53%
Cash On Cash
4.32%
Cap Rate
0.72
DSCR
$4,164
Rent
-$1,104
Cashflow
Cash Flow
$4,164 income − $5,268 expenses = $1,104 out of pocket
Investment Breakdown
|
Purchase Price
$654k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,541
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,164
Total Expenses
$5,268
Mortgage P&I
79%
$3,292
Property Taxes
8%
$340
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$500
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$458