This property looks like a bad Mid-Term investment with a projected -11.66% first-year return on $155k initial cash invested.
-11.66%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$3,772
Rent
-$1,506
Cashflow
Cash Flow
$3,772 income − $5,278 expenses = $1,506 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,525
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,772
Total Expenses
$5,278
Mortgage P&I
94%
$3,557
Property Taxes
5%
$202
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415