This property looks like a bad Mid-Term investment with a projected -8.92% first-year return on $151k initial cash invested.
-8.92%
Cash On Cash
4.53%
Cap Rate
0.72
DSCR
$4,263
Rent
-$1,124
Cashflow
Cash Flow
$4,263 income − $5,387 expenses = $1,124 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,345
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,263
Total Expenses
$5,387
Mortgage P&I
79%
$3,348
Property Taxes
8%
$358
Home Insurance
5%
$230
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$469