This property looks like a bad Mid-Term investment with a projected -10.24% first-year return on $147k initial cash invested.
-10.24%
Cash On Cash
4.29%
Cap Rate
0.66
DSCR
$3,585
Rent
-$1,250
Cashflow
Cash Flow
$3,585 income − $4,835 expenses = $1,250 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$122k
Closing costs
1%
$6,120
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,585
Total Expenses
$4,835
Mortgage P&I
92%
$3,297
Property Taxes
3%
$93
Home Insurance
6%
$227
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394