This property looks like a bad Mid-Term investment with a projected -14.11% first-year return on $147k initial cash invested.
-14.11%
Cash On Cash
3.47%
Cap Rate
0.53
DSCR
$3,890
Rent
-$1,727
Cashflow
Cash Flow
$3,890 income − $5,617 expenses = $1,727 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,136
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,890
Total Expenses
$5,617
Mortgage P&I
86%
$3,344
Property Taxes
5%
$180
Home Insurance
6%
$220
HOA
14%
$549
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428