This property looks like a bad Mid-Term investment with a projected -8.86% first-year return on $149k initial cash invested.
-8.86%
Cash On Cash
4.78%
Cap Rate
0.73
DSCR
$4,688
Rent
-$1,098
Cashflow
Cash Flow
$4,688 income − $5,786 expenses = $1,098 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$124k
Closing costs
1%
$6,221
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,688
Total Expenses
$5,786
Mortgage P&I
72%
$3,389
Property Taxes
12%
$584
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516