This property looks like a bad Mid-Term investment with a projected -8.89% first-year return on $154k initial cash invested.
-8.89%
Cash On Cash
4.54%
Cap Rate
0.72
DSCR
$4,328
Rent
-$1,144
Cashflow
Cash Flow
$4,328 income − $5,472 expenses = $1,144 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,494
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,328
Total Expenses
$5,472
Mortgage P&I
79%
$3,426
Property Taxes
8%
$365
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476