This property looks like a bad Mid-Term investment with a projected -12.76% first-year return on $155k initial cash invested.
-12.76%
Cash On Cash
3.7%
Cap Rate
0.58
DSCR
$4,164
Rent
-$1,649
Cashflow
Cash Flow
$4,164 income − $5,813 expenses = $1,649 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,528
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,164
Total Expenses
$5,813
Mortgage P&I
84%
$3,496
Property Taxes
16%
$664
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$500
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$458