This property looks like a bad Mid-Term investment with a projected -15.48% first-year return on $149k initial cash invested.
-15.48%
Cash On Cash
2.8%
Cap Rate
0.45
DSCR
$2,739
Rent
-$1,925
Cashflow
Cash Flow
$2,739 income − $4,664 expenses = $1,925 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,739
Total Expenses
$4,664
Mortgage P&I
120%
$3,275
Property Taxes
9%
$238
Home Insurance
8%
$219
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$301