This property looks like a bad Mid-Term investment with a projected -8.74% first-year return on $148k initial cash invested.
-8.74%
Cash On Cash
4.41%
Cap Rate
0.72
DSCR
$4,587
Rent
-$1,077
Cashflow
Cash Flow
$4,587 income − $5,664 expenses = $1,077 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,184
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,587
Total Expenses
$5,664
Mortgage P&I
69%
$3,167
Property Taxes
10%
$439
Home Insurance
5%
$219
HOA
6%
$280
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$138
Maintenance
4%
$183
Other
11%
$505