This property looks like a bad Mid-Term investment with a projected -17.18% first-year return on $149k initial cash invested.
-17.18%
Cash On Cash
2.75%
Cap Rate
0.41
DSCR
$2,906
Rent
-$2,137
Cashflow
Cash Flow
$2,906 income − $5,043 expenses = $2,137 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,906
Total Expenses
$5,043
Mortgage P&I
119%
$3,453
Property Taxes
13%
$383
Home Insurance
8%
$219
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320