This property looks like a bad Mid-Term investment with a projected -13.15% first-year return on $147k initial cash invested.
-13.15%
Cash On Cash
3.08%
Cap Rate
0.51
DSCR
$3,054
Rent
-$1,614
Cashflow
Cash Flow
$3,054 income − $4,668 expenses = $1,614 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,156
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,054
Total Expenses
$4,668
Mortgage P&I
101%
$3,072
Property Taxes
11%
$339
Home Insurance
7%
$219
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336