This property looks like a bad Mid-Term investment with a projected -9.81% first-year return on $147k initial cash invested.
-9.81%
Cash On Cash
4.11%
Cap Rate
0.67
DSCR
$3,952
Rent
-$1,201
Cashflow
Cash Flow
$3,952 income − $5,153 expenses = $1,201 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,136
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,952
Total Expenses
$5,153
Mortgage P&I
80%
$3,145
Property Taxes
11%
$445
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$119
Maintenance
4%
$158
Other
11%
$435