This property looks like a bad Mid-Term investment with a projected -11.04% first-year return on $145k initial cash invested.
-11.04%
Cash On Cash
4.22%
Cap Rate
0.65
DSCR
$4,299
Rent
-$1,337
Cashflow
Cash Flow
$4,299 income − $5,636 expenses = $1,337 out of pocket
Investment Breakdown
|
Purchase Price
$607k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,065
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,299
Total Expenses
$5,636
Mortgage P&I
77%
$3,296
Property Taxes
15%
$638
Home Insurance
6%
$240
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473