This property looks like a bad Mid-Term investment with a projected -9.56% first-year return on $146k initial cash invested.
-9.56%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$4,488
Rent
-$1,163
Cashflow
Cash Flow
$4,488 income − $5,651 expenses = $1,163 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,092
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,488
Total Expenses
$5,651
Mortgage P&I
74%
$3,302
Property Taxes
13%
$604
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494