This property looks like a bad Mid-Term investment with a projected -10% first-year return on $148k initial cash invested.
-10%
Cash On Cash
4.59%
Cap Rate
0.69
DSCR
$4,503
Rent
-$1,235
Cashflow
Cash Flow
$4,503 income − $5,738 expenses = $1,235 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,503
Total Expenses
$5,738
Mortgage P&I
76%
$3,428
Property Taxes
13%
$563
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495