This property looks like a bad Mid-Term investment with a projected -13.55% first-year return on $145k initial cash invested.
-13.55%
Cash On Cash
3.02%
Cap Rate
0.5
DSCR
$2,930
Rent
-$1,635
Cashflow
Cash Flow
$2,930 income − $4,565 expenses = $1,635 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,039
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,930
Total Expenses
$4,565
Mortgage P&I
104%
$3,038
Property Taxes
10%
$307
Home Insurance
8%
$224
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322