This property looks like a bad Mid-Term investment with a projected -13.69% first-year return on $153k initial cash invested.
-13.69%
Cash On Cash
3.23%
Cap Rate
0.52
DSCR
$2,992
Rent
-$1,742
Cashflow
Cash Flow
$2,992 income − $4,734 expenses = $1,742 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,412
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,992
Total Expenses
$4,734
Mortgage P&I
112%
$3,348
Property Taxes
4%
$132
Home Insurance
8%
$236
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329