This property looks like a bad Mid-Term investment with a projected -10.35% first-year return on $154k initial cash invested.
-10.35%
Cash On Cash
4.42%
Cap Rate
0.68
DSCR
$4,632
Rent
-$1,328
Cashflow
Cash Flow
$4,632 income − $5,960 expenses = $1,328 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,473
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,632
Total Expenses
$5,960
Mortgage P&I
76%
$3,526
Property Taxes
14%
$632
Home Insurance
5%
$227
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510