This property looks like a bad Mid-Term investment with a projected -14.9% first-year return on $147k initial cash invested.
-14.9%
Cash On Cash
2.84%
Cap Rate
0.46
DSCR
$2,936
Rent
-$1,827
Cashflow
Cash Flow
$2,936 income − $4,763 expenses = $1,827 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,150
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,936
Total Expenses
$4,763
Mortgage P&I
108%
$3,164
Property Taxes
13%
$387
Home Insurance
7%
$215
HOA
0%
$0
Property Management
12%
$352
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$323