This property looks like a bad Mid-Term investment with a projected -13.76% first-year return on $149k initial cash invested.
-13.76%
Cash On Cash
3.05%
Cap Rate
0.5
DSCR
$3,306
Rent
-$1,712
Cashflow
Cash Flow
$3,306 income − $5,018 expenses = $1,712 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,306
Total Expenses
$5,018
Mortgage P&I
96%
$3,167
Property Taxes
15%
$508
Home Insurance
7%
$219
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364