This property looks like a bad Mid-Term investment with a projected -15.31% first-year return on $154k initial cash invested.
-15.31%
Cash On Cash
3.03%
Cap Rate
0.48
DSCR
$4,059
Rent
-$1,968
Cashflow
Cash Flow
$4,059 income − $6,027 expenses = $1,968 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,059
Total Expenses
$6,027
Mortgage P&I
85%
$3,446
Property Taxes
24%
$975
Home Insurance
6%
$227
HOA
0%
$0
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446