This property looks like a bad Mid-Term investment with a projected -8.86% first-year return on $148k initial cash invested.
-8.86%
Cash On Cash
4.76%
Cap Rate
0.73
DSCR
$4,632
Rent
-$1,091
Cashflow
Cash Flow
$4,632 income − $5,723 expenses = $1,091 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,177
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,632
Total Expenses
$5,723
Mortgage P&I
72%
$3,354
Property Taxes
13%
$579
Home Insurance
5%
$215
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510