This property looks like a bad Mid-Term investment with a projected -17.04% first-year return on $152k initial cash invested.
-17.04%
Cash On Cash
2.87%
Cap Rate
0.43
DSCR
$3,310
Rent
-$2,159
Cashflow
Cash Flow
$3,310 income − $5,469 expenses = $2,159 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,385
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,310
Total Expenses
$5,469
Mortgage P&I
107%
$3,552
Property Taxes
17%
$565
Home Insurance
7%
$228
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364