This property looks like a bad Mid-Term investment with a projected -9.2% first-year return on $155k initial cash invested.
-9.2%
Cash On Cash
4.21%
Cap Rate
0.69
DSCR
$3,939
Rent
-$1,189
Cashflow
Cash Flow
$3,939 income − $5,128 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,526
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,939
Total Expenses
$5,128
Mortgage P&I
84%
$3,320
Property Taxes
6%
$228
Home Insurance
6%
$240
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433