This property looks like a bad Mid-Term investment with a projected -10.3% first-year return on $153k initial cash invested.
-10.3%
Cash On Cash
4.48%
Cap Rate
0.68
DSCR
$5,028
Rent
-$1,316
Cashflow
Cash Flow
$5,028 income − $6,344 expenses = $1,316 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,446
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,028
Total Expenses
$6,344
Mortgage P&I
70%
$3,519
Property Taxes
18%
$889
Home Insurance
5%
$227
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553