This property looks like a bad Mid-Term investment with a projected -9.94% first-year return on $145k initial cash invested.
-9.94%
Cash On Cash
4.02%
Cap Rate
0.66
DSCR
$3,489
Rent
-$1,205
Cashflow
Cash Flow
$3,489 income − $4,694 expenses = $1,205 out of pocket
Investment Breakdown
|
Purchase Price
$607k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,070
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,489
Total Expenses
$4,694
Mortgage P&I
89%
$3,097
Property Taxes
4%
$152
Home Insurance
6%
$224
HOA
1%
$33
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384