This property looks like a bad Mid-Term investment with a projected -13.89% first-year return on $148k initial cash invested.
-13.89%
Cash On Cash
3.38%
Cap Rate
0.53
DSCR
$3,648
Rent
-$1,717
Cashflow
Cash Flow
$3,648 income − $5,365 expenses = $1,717 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,206
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,648
Total Expenses
$5,365
Mortgage P&I
91%
$3,317
Property Taxes
16%
$588
Home Insurance
6%
$220
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401