This property looks like a bad Mid-Term investment with a projected -10.38% first-year return on $148k initial cash invested.
-10.38%
Cash On Cash
3.92%
Cap Rate
0.64
DSCR
$3,568
Rent
-$1,282
Cashflow
Cash Flow
$3,568 income − $4,850 expenses = $1,282 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,568
Total Expenses
$4,850
Mortgage P&I
89%
$3,164
Property Taxes
6%
$231
Home Insurance
6%
$217
HOA
1%
$25
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392