This property looks like a bad Mid-Term investment with a projected -9.44% first-year return on $147k initial cash invested.
-9.44%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$4,803
Rent
-$1,160
Cashflow
Cash Flow
$4,803 income − $5,963 expenses = $1,160 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,163
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,803
Total Expenses
$5,963
Mortgage P&I
70%
$3,356
Property Taxes
12%
$600
Home Insurance
4%
$215
HOA
3%
$160
Property Management
12%
$576
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$528