This property looks like a bad Mid-Term investment with a projected -12.2% first-year return on $146k initial cash invested.
-12.2%
Cash On Cash
3.72%
Cap Rate
0.59
DSCR
$3,663
Rent
-$1,484
Cashflow
Cash Flow
$3,663 income − $5,147 expenses = $1,484 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,092
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,663
Total Expenses
$5,147
Mortgage P&I
88%
$3,225
Property Taxes
13%
$460
Home Insurance
6%
$215
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403