This property looks like a bad Mid-Term investment with a projected -8.85% first-year return on $152k initial cash invested.
-8.85%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$4,569
Rent
-$1,124
Cashflow
Cash Flow
$4,569 income − $5,693 expenses = $1,124 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,569
Total Expenses
$5,693
Mortgage P&I
75%
$3,445
Property Taxes
10%
$470
Home Insurance
5%
$224
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503