This property looks like a bad Mid-Term investment with a projected -8.17% first-year return on $146k initial cash invested.
-8.17%
Cash On Cash
4.86%
Cap Rate
0.75
DSCR
$4,234
Rent
-$997
Cashflow
Cash Flow
$4,234 income − $5,231 expenses = $997 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,118
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,234
Total Expenses
$5,231
Mortgage P&I
78%
$3,306
Property Taxes
7%
$276
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466