This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $154k initial cash invested.
-11.53%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$4,378
Rent
-$1,480
Cashflow
Cash Flow
$4,378 income − $5,858 expenses = $1,480 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,478
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,378
Total Expenses
$5,858
Mortgage P&I
81%
$3,535
Property Taxes
14%
$599
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$482