This property looks like a bad Mid-Term investment with a projected -8.2% first-year return on $155k initial cash invested.
-8.2%
Cash On Cash
4.83%
Cap Rate
0.75
DSCR
$4,926
Rent
-$1,060
Cashflow
Cash Flow
$4,926 income − $5,986 expenses = $1,060 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,527
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,926
Total Expenses
$5,986
Mortgage P&I
71%
$3,491
Property Taxes
12%
$593
Home Insurance
5%
$227
HOA
0%
$0
Property Management
12%
$591
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$542