This property looks like a bad Mid-Term investment with a projected -10.97% first-year return on $146k initial cash invested.
-10.97%
Cash On Cash
4.35%
Cap Rate
0.66
DSCR
$4,398
Rent
-$1,334
Cashflow
Cash Flow
$4,398 income − $5,732 expenses = $1,334 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,090
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,398
Total Expenses
$5,732
Mortgage P&I
77%
$3,367
Property Taxes
15%
$656
Home Insurance
5%
$213
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484