This property looks like a bad Mid-Term investment with a projected -11.27% first-year return on $147k initial cash invested.
-11.27%
Cash On Cash
3.8%
Cap Rate
0.61
DSCR
$3,668
Rent
-$1,382
Cashflow
Cash Flow
$3,668 income − $5,050 expenses = $1,382 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,153
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,668
Total Expenses
$5,050
Mortgage P&I
87%
$3,182
Property Taxes
11%
$402
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403