This property looks like a bad Mid-Term investment with a projected -9.23% first-year return on $148k initial cash invested.
-9.23%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$5,169
Rent
-$1,141
Cashflow
Cash Flow
$5,169 income − $6,310 expenses = $1,141 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,204
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,169
Total Expenses
$6,310
Mortgage P&I
66%
$3,393
Property Taxes
19%
$958
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569