This property looks like a bad Mid-Term investment with a projected -11.02% first-year return on $148k initial cash invested.
-11.02%
Cash On Cash
4.28%
Cap Rate
0.65
DSCR
$4,684
Rent
-$1,359
Cashflow
Cash Flow
$4,684 income − $6,043 expenses = $1,359 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,189
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,684
Total Expenses
$6,043
Mortgage P&I
72%
$3,380
Property Taxes
12%
$544
Home Insurance
5%
$217
HOA
7%
$310
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$141
Maintenance
4%
$187
Other
11%
$515