This property looks like a bad Mid-Term investment with a projected -8.51% first-year return on $152k initial cash invested.
-8.51%
Cash On Cash
4.84%
Cap Rate
0.74
DSCR
$4,806
Rent
-$1,079
Cashflow
Cash Flow
$4,806 income − $5,885 expenses = $1,079 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,806
Total Expenses
$5,885
Mortgage P&I
72%
$3,463
Property Taxes
12%
$564
Home Insurance
5%
$224
HOA
0%
$0
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529