This property looks like a bad Mid-Term investment with a projected -11.14% first-year return on $149k initial cash invested.
-11.14%
Cash On Cash
3.99%
Cap Rate
0.63
DSCR
$4,456
Rent
-$1,387
Cashflow
Cash Flow
$4,456 income − $5,843 expenses = $1,387 out of pocket
Investment Breakdown
|
Purchase Price
$626k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,256
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,456
Total Expenses
$5,843
Mortgage P&I
74%
$3,287
Property Taxes
15%
$665
Home Insurance
5%
$224
HOA
3%
$152
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490