This property looks like a bad Mid-Term investment with a projected -9.83% first-year return on $149k initial cash invested.
-9.83%
Cash On Cash
4.51%
Cap Rate
0.69
DSCR
$4,556
Rent
-$1,217
Cashflow
Cash Flow
$4,556 income − $5,773 expenses = $1,217 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$124k
Closing costs
1%
$6,218
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,556
Total Expenses
$5,773
Mortgage P&I
74%
$3,370
Property Taxes
14%
$634
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501