This property looks like a bad Mid-Term investment with a projected -10.36% first-year return on $146k initial cash invested.
-10.36%
Cash On Cash
4.64%
Cap Rate
0.69
DSCR
$5,019
Rent
-$1,263
Cashflow
Cash Flow
$5,019 income − $6,282 expenses = $1,263 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,112
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,019
Total Expenses
$6,282
Mortgage P&I
68%
$3,424
Property Taxes
18%
$919
Home Insurance
4%
$219
HOA
0%
$13
Property Management
12%
$602
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$552