This property looks like a bad Mid-Term investment with a projected -14.02% first-year return on $146k initial cash invested.
-14.02%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$3,528
Rent
-$1,705
Cashflow
Cash Flow
$3,528 income − $5,233 expenses = $1,705 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,092
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,528
Total Expenses
$5,233
Mortgage P&I
95%
$3,337
Property Taxes
12%
$408
Home Insurance
6%
$219
HOA
2%
$70
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388