This property looks like a bad Mid-Term investment with a projected -9.34% first-year return on $148k initial cash invested.
-9.34%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$4,454
Rent
-$1,155
Cashflow
Cash Flow
$4,454 income − $5,609 expenses = $1,155 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,208
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,454
Total Expenses
$5,609
Mortgage P&I
76%
$3,388
Property Taxes
10%
$434
Home Insurance
5%
$219
HOA
1%
$54
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490