This property looks like a bad Mid-Term investment with a projected -14.1% first-year return on $149k initial cash invested.
-14.1%
Cash On Cash
3.72%
Cap Rate
0.55
DSCR
$3,555
Rent
-$1,754
Cashflow
Cash Flow
$3,555 income − $5,309 expenses = $1,754 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,555
Total Expenses
$5,309
Mortgage P&I
100%
$3,552
Property Taxes
9%
$329
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391