This property looks like a bad Mid-Term investment with a projected -13.35% first-year return on $149k initial cash invested.
-13.35%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$3,284
Rent
-$1,660
Cashflow
Cash Flow
$3,284 income − $4,944 expenses = $1,660 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,249
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,284
Total Expenses
$4,944
Mortgage P&I
103%
$3,393
Property Taxes
7%
$216
Home Insurance
7%
$219
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361