This property looks like a bad Mid-Term investment with a projected -8.38% first-year return on $145k initial cash invested.
-8.38%
Cash On Cash
4.6%
Cap Rate
0.74
DSCR
$4,664
Rent
-$1,013
Cashflow
Cash Flow
$4,664 income − $5,677 expenses = $1,013 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.8%
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
$4,664
Total Expenses
$5,677
Mortgage P&I
67%
$3,147
Property Taxes
17%
$774
Home Insurance
3%
$126
HOA
1%
$43
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513