This property looks like a bad Mid-Term investment with a projected -9.32% first-year return on $151k initial cash invested.
-9.32%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$4,020
Rent
-$1,176
Cashflow
Cash Flow
$4,020 income − $5,196 expenses = $1,176 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,353
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,020
Total Expenses
$5,196
Mortgage P&I
85%
$3,434
Property Taxes
5%
$194
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442