This property looks like a bad Mid-Term investment with a projected -9.73% first-year return on $147k initial cash invested.
-9.73%
Cash On Cash
4.05%
Cap Rate
0.67
DSCR
$3,972
Rent
-$1,195
Cashflow
Cash Flow
$3,972 income − $5,167 expenses = $1,195 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,161
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,972
Total Expenses
$5,167
Mortgage P&I
78%
$3,114
Property Taxes
12%
$474
Home Insurance
6%
$228
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437