This property looks like a bad Mid-Term investment with a projected -10.9% first-year return on $147k initial cash invested.
-10.9%
Cash On Cash
4.36%
Cap Rate
0.65
DSCR
$3,813
Rent
-$1,337
Cashflow
Cash Flow
$3,813 income − $5,150 expenses = $1,337 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,153
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,813
Total Expenses
$5,150
Mortgage P&I
90%
$3,421
Property Taxes
5%
$202
Home Insurance
6%
$224
HOA
0%
$6
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$419