This property looks like a bad Mid-Term investment with a projected -11.47% first-year return on $154k initial cash invested.
-11.47%
Cash On Cash
4.16%
Cap Rate
0.64
DSCR
$4,562
Rent
-$1,475
Cashflow
Cash Flow
$4,562 income − $6,037 expenses = $1,475 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,494
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,562
Total Expenses
$6,037
Mortgage P&I
78%
$3,544
Property Taxes
15%
$700
Home Insurance
5%
$243
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$502