This property looks like a bad Mid-Term investment with a projected -10.18% first-year return on $145k initial cash invested.
-10.18%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$4,214
Rent
-$1,230
Cashflow
Cash Flow
$4,214 income − $5,444 expenses = $1,230 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,044
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,214
Total Expenses
$5,444
Mortgage P&I
77%
$3,257
Property Taxes
13%
$538
Home Insurance
5%
$215
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464