This property looks like a bad Mid-Term investment with a projected -10.51% first-year return on $146k initial cash invested.
-10.51%
Cash On Cash
4.35%
Cap Rate
0.67
DSCR
$4,306
Rent
-$1,280
Cashflow
Cash Flow
$4,306 income − $5,586 expenses = $1,280 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,102
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,306
Total Expenses
$5,586
Mortgage P&I
77%
$3,318
Property Taxes
10%
$445
Home Insurance
5%
$228
HOA
3%
$131
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474