This property looks like a bad Mid-Term investment with a projected -9.35% first-year return on $147k initial cash invested.
-9.35%
Cash On Cash
4.64%
Cap Rate
0.71
DSCR
$4,566
Rent
-$1,146
Cashflow
Cash Flow
$4,566 income − $5,712 expenses = $1,146 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,150
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,566
Total Expenses
$5,712
Mortgage P&I
73%
$3,339
Property Taxes
13%
$605
Home Insurance
5%
$215
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502