This property looks like a bad Mid-Term investment with a projected -12.26% first-year return on $153k initial cash invested.
-12.26%
Cash On Cash
3.6%
Cap Rate
0.57
DSCR
$3,387
Rent
-$1,559
Cashflow
Cash Flow
$3,387 income − $4,946 expenses = $1,559 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,411
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,387
Total Expenses
$4,946
Mortgage P&I
99%
$3,348
Property Taxes
6%
$214
Home Insurance
7%
$233
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$102
Maintenance
4%
$135
Other
11%
$373