This property looks like a bad Mid-Term investment with a projected -10.68% first-year return on $153k initial cash invested.
-10.68%
Cash On Cash
4.4%
Cap Rate
0.66
DSCR
$4,114
Rent
-$1,364
Cashflow
Cash Flow
$4,114 income − $5,478 expenses = $1,364 out of pocket
Investment Breakdown
|
Purchase Price
$644k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,444
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,114
Total Expenses
$5,478
Mortgage P&I
87%
$3,561
Property Taxes
7%
$281
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$123
Maintenance
4%
$165
Other
11%
$453