This property looks like a bad Mid-Term investment with a projected -10.9% first-year return on $145k initial cash invested.
-10.9%
Cash On Cash
4.24%
Cap Rate
0.65
DSCR
$3,830
Rent
-$1,317
Cashflow
Cash Flow
$3,830 income − $5,147 expenses = $1,317 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,046
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,830
Total Expenses
$5,147
Mortgage P&I
86%
$3,300
Property Taxes
6%
$230
Home Insurance
6%
$215
HOA
3%
$100
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421