This property looks like a bad Mid-Term investment with a projected -17.27% first-year return on $147k initial cash invested.
-17.27%
Cash On Cash
2.21%
Cap Rate
0.36
DSCR
$3,198
Rent
-$2,118
Cashflow
Cash Flow
$3,198 income − $5,316 expenses = $2,118 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,152
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,198
Total Expenses
$5,316
Mortgage P&I
98%
$3,121
Property Taxes
28%
$883
Home Insurance
7%
$224
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352