This property looks like a bad Mid-Term investment with a projected -12.53% first-year return on $155k initial cash invested.
-12.53%
Cash On Cash
3.54%
Cap Rate
0.57
DSCR
$4,338
Rent
-$1,619
Cashflow
Cash Flow
$4,338 income − $5,957 expenses = $1,619 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,526
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,338
Total Expenses
$5,957
Mortgage P&I
78%
$3,371
Property Taxes
21%
$900
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$521
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$477