This property looks like a bad Mid-Term investment with a projected -8.71% first-year return on $145k initial cash invested.
-8.71%
Cash On Cash
4.38%
Cap Rate
0.71
DSCR
$4,214
Rent
-$1,052
Cashflow
Cash Flow
$4,214 income − $5,266 expenses = $1,052 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,046
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,214
Total Expenses
$5,266
Mortgage P&I
73%
$3,090
Property Taxes
12%
$518
Home Insurance
5%
$215
HOA
0%
$9
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464