This property looks like a bad Mid-Term investment with a projected -8.8% first-year return on $149k initial cash invested.
-8.8%
Cash On Cash
4.5%
Cap Rate
0.72
DSCR
$4,095
Rent
-$1,091
Cashflow
Cash Flow
$4,095 income − $5,186 expenses = $1,091 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,226
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,095
Total Expenses
$5,186
Mortgage P&I
80%
$3,264
Property Taxes
8%
$320
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450