This property looks like a bad Mid-Term investment with a projected -15.86% first-year return on $146k initial cash invested.
-15.86%
Cash On Cash
3.06%
Cap Rate
0.47
DSCR
$3,876
Rent
-$1,931
Cashflow
Cash Flow
$3,876 income − $5,807 expenses = $1,931 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,100
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,876
Total Expenses
$5,807
Mortgage P&I
86%
$3,333
Property Taxes
24%
$943
Home Insurance
6%
$214
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426