This property looks like a bad Mid-Term investment with a projected -8.78% first-year return on $149k initial cash invested.
-8.78%
Cash On Cash
4.41%
Cap Rate
0.71
DSCR
$3,768
Rent
-$1,092
Cashflow
Cash Flow
$3,768 income − $4,860 expenses = $1,092 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,249
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,768
Total Expenses
$4,860
Mortgage P&I
86%
$3,239
Property Taxes
3%
$121
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414