This property looks like a bad Mid-Term investment with a projected -21.14% first-year return on $146k initial cash invested.
-21.14%
Cash On Cash
2%
Cap Rate
0.3
DSCR
$3,868
Rent
-$2,568
Cashflow
Cash Flow
$3,868 income − $6,436 expenses = $2,568 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,084
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,868
Total Expenses
$6,436
Mortgage P&I
89%
$3,427
Property Taxes
38%
$1,472
Home Insurance
6%
$222
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425