This property looks like a bad Mid-Term investment with a projected -9.95% first-year return on $149k initial cash invested.
-9.95%
Cash On Cash
4.01%
Cap Rate
0.66
DSCR
$3,465
Rent
-$1,238
Cashflow
Cash Flow
$3,465 income − $4,703 expenses = $1,238 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,465
Total Expenses
$4,703
Mortgage P&I
92%
$3,189
Property Taxes
3%
$116
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381