This property looks like a bad Mid-Term investment with a projected -14.76% first-year return on $155k initial cash invested.
-14.76%
Cash On Cash
3.27%
Cap Rate
0.5
DSCR
$3,165
Rent
-$1,910
Cashflow
Cash Flow
$3,165 income − $5,075 expenses = $1,910 out of pocket
Investment Breakdown
|
Purchase Price
$654k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,537
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,165
Total Expenses
$5,075
Mortgage P&I
113%
$3,563
Property Taxes
6%
$190
Home Insurance
8%
$245
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348