This property looks like a bad Mid-Term investment with a projected -11.65% first-year return on $146k initial cash invested.
-11.65%
Cash On Cash
3.9%
Cap Rate
0.61
DSCR
$4,050
Rent
-$1,415
Cashflow
Cash Flow
$4,050 income − $5,465 expenses = $1,415 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,086
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,050
Total Expenses
$5,465
Mortgage P&I
80%
$3,231
Property Taxes
16%
$628
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446