This property looks like a bad Mid-Term investment with a projected -12.08% first-year return on $149k initial cash invested.
-12.08%
Cash On Cash
3.78%
Cap Rate
0.59
DSCR
$3,826
Rent
-$1,503
Cashflow
Cash Flow
$3,826 income − $5,329 expenses = $1,503 out of pocket
Investment Breakdown
|
Purchase Price
$626k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,255
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,826
Total Expenses
$5,329
Mortgage P&I
87%
$3,319
Property Taxes
11%
$439
Home Insurance
6%
$224
HOA
1%
$46
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421