This property looks like a bad Mid-Term investment with a projected -11.48% first-year return on $153k initial cash invested.
-11.48%
Cash On Cash
4.08%
Cap Rate
0.63
DSCR
$4,396
Rent
-$1,465
Cashflow
Cash Flow
$4,396 income − $5,861 expenses = $1,465 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,433
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,396
Total Expenses
$5,861
Mortgage P&I
79%
$3,474
Property Taxes
14%
$622
Home Insurance
6%
$269
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484