This property looks like a bad Mid-Term investment with a projected -9.69% first-year return on $152k initial cash invested.
-9.69%
Cash On Cash
4.59%
Cap Rate
0.7
DSCR
$5,002
Rent
-$1,226
Cashflow
Cash Flow
$5,002 income − $6,228 expenses = $1,226 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,373
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,002
Total Expenses
$6,228
Mortgage P&I
69%
$3,462
Property Taxes
16%
$787
Home Insurance
5%
$229
HOA
1%
$50
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550