This property looks like a bad Mid-Term investment with a projected -17.04% first-year return on $148k initial cash invested.
-17.04%
Cash On Cash
2.19%
Cap Rate
0.36
DSCR
$2,198
Rent
-$2,104
Cashflow
Cash Flow
$2,198 income − $4,302 expenses = $2,104 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,198
Total Expenses
$4,302
Mortgage P&I
143%
$3,148
Property Taxes
9%
$189
Home Insurance
10%
$217
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242