This property looks like a bad Mid-Term investment with a projected -8.23% first-year return on $146k initial cash invested.
-8.23%
Cash On Cash
4.95%
Cap Rate
0.76
DSCR
$5,290
Rent
-$1,003
Cashflow
Cash Flow
$5,290 income − $6,293 expenses = $1,003 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,106
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,290
Total Expenses
$6,293
Mortgage P&I
63%
$3,309
Property Taxes
12%
$646
Home Insurance
4%
$228
HOA
6%
$310
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582