This property looks like a bad Mid-Term investment with a projected -13.52% first-year return on $146k initial cash invested.
-13.52%
Cash On Cash
3.07%
Cap Rate
0.51
DSCR
$2,926
Rent
-$1,649
Cashflow
Cash Flow
$2,926 income − $4,575 expenses = $1,649 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
$2,926
Total Expenses
$4,575
Mortgage P&I
106%
$3,096
Property Taxes
9%
$256
Home Insurance
8%
$228
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322