This property looks like a bad Mid-Term investment with a projected -9.12% first-year return on $145k initial cash invested.
-9.12%
Cash On Cash
4.28%
Cap Rate
0.69
DSCR
$3,741
Rent
-$1,101
Cashflow
Cash Flow
$3,741 income − $4,842 expenses = $1,101 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,043
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,741
Total Expenses
$4,842
Mortgage P&I
83%
$3,105
Property Taxes
5%
$199
Home Insurance
5%
$198
HOA
2%
$67
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412