This property looks like a bad Mid-Term investment with a projected -15.11% first-year return on $145k initial cash invested.
-15.11%
Cash On Cash
3.19%
Cap Rate
0.48
DSCR
$2,762
Rent
-$1,826
Cashflow
Cash Flow
$2,762 income − $4,588 expenses = $1,826 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%
$6,050
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,762
Total Expenses
$4,588
Mortgage P&I
120%
$3,326
Property Taxes
4%
$99
Home Insurance
8%
$225
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$304