This property looks like a bad Mid-Term investment with a projected -8.47% first-year return on $146k initial cash invested.
-8.47%
Cash On Cash
4.96%
Cap Rate
0.75
DSCR
$4,834
Rent
-$1,033
Cashflow
Cash Flow
$4,834 income − $5,867 expenses = $1,033 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,114
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,834
Total Expenses
$5,867
Mortgage P&I
70%
$3,365
Property Taxes
13%
$625
Home Insurance
5%
$234
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532