This property looks like a bad Mid-Term investment with a projected -9.76% first-year return on $147k initial cash invested.
-9.76%
Cash On Cash
4.77%
Cap Rate
0.71
DSCR
$4,580
Rent
-$1,197
Cashflow
Cash Flow
$4,580 income − $5,777 expenses = $1,197 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,154
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,580
Total Expenses
$5,777
Mortgage P&I
76%
$3,461
Property Taxes
6%
$291
Home Insurance
5%
$219
HOA
5%
$249
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$504