This property looks like a bad Mid-Term investment with a projected -7.76% first-year return on $146k initial cash invested.
-7.76%
Cash On Cash
4.9%
Cap Rate
0.76
DSCR
$4,324
Rent
-$945
Cashflow
Cash Flow
$4,324 income − $5,269 expenses = $945 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,103
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,324
Total Expenses
$5,269
Mortgage P&I
75%
$3,262
Property Taxes
8%
$336
Home Insurance
5%
$200
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476