This property looks like a bad Mid-Term investment with a projected -9.69% first-year return on $154k initial cash invested.
-9.69%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$4,262
Rent
-$1,242
Cashflow
Cash Flow
$4,262 income − $5,504 expenses = $1,242 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,465
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,262
Total Expenses
$5,504
Mortgage P&I
83%
$3,535
Property Taxes
7%
$287
Home Insurance
5%
$234
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$469