This property looks like a bad Mid-Term investment with a projected -8.52% first-year return on $148k initial cash invested.
-8.52%
Cash On Cash
4.42%
Cap Rate
0.73
DSCR
$4,678
Rent
-$1,049
Cashflow
Cash Flow
$4,678 income − $5,727 expenses = $1,049 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,176
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,678
Total Expenses
$5,727
Mortgage P&I
67%
$3,136
Property Taxes
17%
$781
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515