This property looks like a bad Mid-Term investment with a projected -9.29% first-year return on $146k initial cash invested.
-9.29%
Cash On Cash
4.14%
Cap Rate
0.68
DSCR
$3,555
Rent
-$1,133
Cashflow
Cash Flow
$3,555 income − $4,688 expenses = $1,133 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,115
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,555
Total Expenses
$4,688
Mortgage P&I
87%
$3,101
Property Taxes
3%
$116
Home Insurance
7%
$262
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391