This property looks like a bad Mid-Term investment with a projected -10.11% first-year return on $145k initial cash invested.
-10.11%
Cash On Cash
3.96%
Cap Rate
0.65
DSCR
$3,476
Rent
-$1,222
Cashflow
Cash Flow
$3,476 income − $4,698 expenses = $1,222 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,047
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,476
Total Expenses
$4,698
Mortgage P&I
88%
$3,076
Property Taxes
6%
$220
Home Insurance
6%
$219
HOA
0%
$2
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382