This property looks like a bad Mid-Term investment with a projected -10.17% first-year return on $147k initial cash invested.
-10.17%
Cash On Cash
4.28%
Cap Rate
0.67
DSCR
$3,957
Rent
-$1,244
Cashflow
Cash Flow
$3,957 income − $5,201 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,132
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,957
Total Expenses
$5,201
Mortgage P&I
83%
$3,272
Property Taxes
9%
$362
Home Insurance
6%
$222
HOA
0%
$0
Property Management
12%
$475
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435