This property looks like a bad Mid-Term investment with a projected -13.5% first-year return on $148k initial cash invested.
-13.5%
Cash On Cash
3.18%
Cap Rate
0.52
DSCR
$3,150
Rent
-$1,666
Cashflow
Cash Flow
$3,150 income − $4,816 expenses = $1,666 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,197
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,150
Total Expenses
$4,816
Mortgage P&I
101%
$3,182
Property Taxes
11%
$347
Home Insurance
7%
$217
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346