This property looks like a bad Mid-Term investment with a projected -8.59% first-year return on $149k initial cash invested.
-8.59%
Cash On Cash
4.93%
Cap Rate
0.75
DSCR
$5,426
Rent
-$1,069
Cashflow
Cash Flow
$5,426 income − $6,495 expenses = $1,069 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,426
Total Expenses
$6,495
Mortgage P&I
63%
$3,418
Property Taxes
19%
$1,013
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$651
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$597