This property looks like a bad Mid-Term investment with a projected -10.1% first-year return on $154k initial cash invested.
-10.1%
Cash On Cash
4.41%
Cap Rate
0.68
DSCR
$4,293
Rent
-$1,293
Cashflow
Cash Flow
$4,293 income − $5,586 expenses = $1,293 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,460
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,293
Total Expenses
$5,586
Mortgage P&I
81%
$3,496
Property Taxes
9%
$401
Home Insurance
5%
$229
HOA
0%
$0
Property Management
12%
$515
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$472