This property looks like a bad Mid-Term investment with a projected -8.37% first-year return on $151k initial cash invested.
-8.37%
Cash On Cash
5.08%
Cap Rate
0.76
DSCR
$4,716
Rent
-$1,054
Cashflow
Cash Flow
$4,716 income − $5,770 expenses = $1,054 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,341
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,716
Total Expenses
$5,770
Mortgage P&I
75%
$3,547
Property Taxes
8%
$388
Home Insurance
5%
$231
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$141
Maintenance
4%
$189
Other
11%
$519