This property looks like a bad Mid-Term investment with a projected -9.95% first-year return on $148k initial cash invested.
-9.95%
Cash On Cash
4.29%
Cap Rate
0.68
DSCR
$4,376
Rent
-$1,227
Cashflow
Cash Flow
$4,376 income − $5,603 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,190
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,376
Total Expenses
$5,603
Mortgage P&I
75%
$3,266
Property Taxes
14%
$633
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481