This property looks like a bad Mid-Term investment with a projected -13.85% first-year return on $147k initial cash invested.
-13.85%
Cash On Cash
3.4%
Cap Rate
0.53
DSCR
$3,380
Rent
-$1,693
Cashflow
Cash Flow
$3,380 income − $5,073 expenses = $1,693 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,129
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,380
Total Expenses
$5,073
Mortgage P&I
97%
$3,294
Property Taxes
12%
$411
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$406
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372