This property looks like a bad Mid-Term investment with a projected -16.63% first-year return on $151k initial cash invested.
-16.63%
Cash On Cash
2.94%
Cap Rate
0.44
DSCR
$3,366
Rent
-$2,088
Cashflow
Cash Flow
$3,366 income − $5,454 expenses = $2,088 out of pocket
Investment Breakdown
|
Purchase Price
$632k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$126k
Closing costs
1%
$6,319
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,366
Total Expenses
$5,454
Mortgage P&I
104%
$3,501
Property Taxes
15%
$519
Home Insurance
7%
$231
HOA
2%
$58
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370