This property looks like a bad Mid-Term investment with a projected -11.06% first-year return on $148k initial cash invested.
-11.06%
Cash On Cash
4.13%
Cap Rate
0.64
DSCR
$4,006
Rent
-$1,366
Cashflow
Cash Flow
$4,006 income − $5,372 expenses = $1,366 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,006
Total Expenses
$5,372
Mortgage P&I
83%
$3,337
Property Taxes
11%
$456
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441