This property looks like a bad Mid-Term investment with a projected -16.65% first-year return on $147k initial cash invested.
-16.65%
Cash On Cash
3.06%
Cap Rate
0.45
DSCR
$3,122
Rent
-$2,040
Cashflow
Cash Flow
$3,122 income − $5,162 expenses = $2,040 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,146
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,122
Total Expenses
$5,162
Mortgage P&I
112%
$3,483
Property Taxes
12%
$390
Home Insurance
7%
$227
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$343