This property looks like a bad Mid-Term investment with a projected -12.94% first-year return on $148k initial cash invested.
-12.94%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$4,454
Rent
-$1,600
Cashflow
Cash Flow
$4,454 income − $6,054 expenses = $1,600 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,206
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,454
Total Expenses
$6,054
Mortgage P&I
78%
$3,453
Property Taxes
17%
$762
Home Insurance
5%
$227
HOA
2%
$98
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490