This property looks like a bad Mid-Term investment with a projected -14.38% first-year return on $149k initial cash invested.
-14.38%
Cash On Cash
3.43%
Cap Rate
0.52
DSCR
$3,156
Rent
-$1,788
Cashflow
Cash Flow
$3,156 income − $4,944 expenses = $1,788 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,156
Total Expenses
$4,944
Mortgage P&I
109%
$3,450
Property Taxes
6%
$202
Home Insurance
7%
$219
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347