This property looks like a bad Mid-Term investment with a projected -11.12% first-year return on $148k initial cash invested.
-11.12%
Cash On Cash
4.17%
Cap Rate
0.64
DSCR
$3,651
Rent
-$1,373
Cashflow
Cash Flow
$3,651 income − $5,024 expenses = $1,373 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,651
Total Expenses
$5,024
Mortgage P&I
93%
$3,384
Property Taxes
5%
$181
Home Insurance
6%
$217
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402