This property looks like a bad Mid-Term investment with a projected -10.97% first-year return on $153k initial cash invested.
-10.97%
Cash On Cash
4.1%
Cap Rate
0.64
DSCR
$4,202
Rent
-$1,398
Cashflow
Cash Flow
$4,202 income − $5,600 expenses = $1,398 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,425
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,202
Total Expenses
$5,600
Mortgage P&I
82%
$3,426
Property Taxes
12%
$497
Home Insurance
6%
$234
HOA
0%
$15
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462