This property looks like a bad Mid-Term investment with a projected -9.09% first-year return on $149k initial cash invested.
-9.09%
Cash On Cash
4.23%
Cap Rate
0.69
DSCR
$4,071
Rent
-$1,131
Cashflow
Cash Flow
$4,071 income − $5,202 expenses = $1,131 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,071
Total Expenses
$5,202
Mortgage P&I
78%
$3,170
Property Taxes
11%
$428
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448