This property looks like a bad Mid-Term investment with a projected -11.47% first-year return on $149k initial cash invested.
-11.47%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$3,693
Rent
-$1,427
Cashflow
Cash Flow
$3,693 income − $5,120 expenses = $1,427 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,693
Total Expenses
$5,120
Mortgage P&I
92%
$3,411
Property Taxes
5%
$201
Home Insurance
6%
$219
HOA
1%
$33
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406