This property looks like a bad Mid-Term investment with a projected -12.17% first-year return on $146k initial cash invested.
-12.17%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$4,245
Rent
-$1,485
Cashflow
Cash Flow
$4,245 income − $5,730 expenses = $1,485 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,116
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,245
Total Expenses
$5,730
Mortgage P&I
78%
$3,332
Property Taxes
17%
$737
Home Insurance
5%
$218
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467