This property looks like a bad Mid-Term investment with a projected -10.83% first-year return on $147k initial cash invested.
-10.83%
Cash On Cash
4.38%
Cap Rate
0.67
DSCR
$4,944
Rent
-$1,326
Cashflow
Cash Flow
$4,944 income − $6,270 expenses = $1,326 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,139
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,944
Total Expenses
$6,270
Mortgage P&I
68%
$3,371
Property Taxes
17%
$838
Home Insurance
8%
$380
HOA
0%
$0
Property Management
12%
$593
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544