This property looks like a bad Mid-Term investment with a projected -10.8% first-year return on $148k initial cash invested.
-10.8%
Cash On Cash
3.77%
Cap Rate
0.62
DSCR
$3,944
Rent
-$1,335
Cashflow
Cash Flow
$3,944 income − $5,279 expenses = $1,335 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,208
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,944
Total Expenses
$5,279
Mortgage P&I
79%
$3,126
Property Taxes
15%
$584
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434