This property looks like a bad Mid-Term investment with a projected -9.14% first-year return on $149k initial cash invested.
-9.14%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$4,688
Rent
-$1,135
Cashflow
Cash Flow
$4,688 income − $5,823 expenses = $1,135 out of pocket
Investment Breakdown
|
Purchase Price
$624k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,239
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,688
Total Expenses
$5,823
Mortgage P&I
73%
$3,414
Property Taxes
13%
$593
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516