This property looks like a bad Mid-Term investment with a projected -10.1% first-year return on $149k initial cash invested.
-10.1%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$4,443
Rent
-$1,251
Cashflow
Cash Flow
$4,443 income − $5,694 expenses = $1,251 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$124k
Closing costs
1%
$6,218
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,443
Total Expenses
$5,694
Mortgage P&I
77%
$3,403
Property Taxes
13%
$557
Home Insurance
5%
$223
HOA
0%
$0
Property Management
12%
$533
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489