This property looks like a bad Mid-Term investment with a projected -14.19% first-year return on $148k initial cash invested.
-14.19%
Cash On Cash
2.89%
Cap Rate
0.48
DSCR
$3,270
Rent
-$1,749
Cashflow
Cash Flow
$3,270 income − $5,019 expenses = $1,749 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,184
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,270
Total Expenses
$5,019
Mortgage P&I
95%
$3,105
Property Taxes
18%
$582
Home Insurance
7%
$220
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360