This property looks like a bad Mid-Term investment with a projected -10.1% first-year return on $146k initial cash invested.
-10.1%
Cash On Cash
3.97%
Cap Rate
0.65
DSCR
$4,014
Rent
-$1,231
Cashflow
Cash Flow
$4,014 income − $5,245 expenses = $1,231 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,105
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,014
Total Expenses
$5,245
Mortgage P&I
77%
$3,090
Property Taxes
14%
$558
Home Insurance
6%
$227
HOA
0%
$4
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442