This property looks like a bad Mid-Term investment with a projected -8.37% first-year return on $146k initial cash invested.
-8.37%
Cash On Cash
4.86%
Cap Rate
0.74
DSCR
$4,272
Rent
-$1,018
Cashflow
Cash Flow
$4,272 income − $5,290 expenses = $1,018 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,096
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,272
Total Expenses
$5,290
Mortgage P&I
78%
$3,317
Property Taxes
3%
$147
Home Insurance
5%
$222
HOA
4%
$151
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470