This property looks like a bad Mid-Term investment with a projected -8.65% first-year return on $147k initial cash invested.
-8.65%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$4,544
Rent
-$1,059
Cashflow
Cash Flow
$4,544 income − $5,603 expenses = $1,059 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,138
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,544
Total Expenses
$5,603
Mortgage P&I
72%
$3,280
Property Taxes
12%
$561
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500