This property looks like a bad Mid-Term investment with a projected -17.81% first-year return on $153k initial cash invested.
-17.81%
Cash On Cash
2.43%
Cap Rate
0.38
DSCR
$2,840
Rent
-$2,278
Cashflow
Cash Flow
$2,840 income − $5,118 expenses = $2,278 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,450
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,840
Total Expenses
$5,118
Mortgage P&I
122%
$3,472
Property Taxes
16%
$454
Home Insurance
8%
$226
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$312