This property looks like a bad Mid-Term investment with a projected -12.72% first-year return on $146k initial cash invested.
-12.72%
Cash On Cash
3.51%
Cap Rate
0.56
DSCR
$3,250
Rent
-$1,549
Cashflow
Cash Flow
$3,250 income − $4,799 expenses = $1,549 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,100
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,250
Total Expenses
$4,799
Mortgage P&I
99%
$3,205
Property Taxes
8%
$274
Home Insurance
7%
$214
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358