This property looks like a bad Mid-Term investment with a projected -16.43% first-year return on $151k initial cash invested.
-16.43%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$3,057
Rent
-$2,065
Cashflow
Cash Flow
$3,057 income − $5,122 expenses = $2,065 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,326
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,057
Total Expenses
$5,122
Mortgage P&I
112%
$3,418
Property Taxes
14%
$437
Home Insurance
7%
$228
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336