This property looks like a bad Mid-Term investment with a projected -8.82% first-year return on $148k initial cash invested.
-8.82%
Cash On Cash
4.86%
Cap Rate
0.73
DSCR
$4,330
Rent
-$1,087
Cashflow
Cash Flow
$4,330 income − $5,417 expenses = $1,087 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,185
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,330
Total Expenses
$5,417
Mortgage P&I
79%
$3,417
Property Taxes
4%
$170
Home Insurance
5%
$216
HOA
3%
$142
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476