This property looks like a bad Mid-Term investment with a projected -10.82% first-year return on $155k initial cash invested.
-10.82%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$4,678
Rent
-$1,398
Cashflow
Cash Flow
$4,678 income − $6,076 expenses = $1,398 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,529
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,678
Total Expenses
$6,076
Mortgage P&I
75%
$3,494
Property Taxes
8%
$370
Home Insurance
5%
$228
HOA
8%
$394
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515