This property looks like a bad Mid-Term investment with a projected -12.5% first-year return on $145k initial cash invested.
-12.5%
Cash On Cash
3.89%
Cap Rate
0.59
DSCR
$4,214
Rent
-$1,511
Cashflow
Cash Flow
$4,214 income − $5,725 expenses = $1,511 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,048
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,214
Total Expenses
$5,725
Mortgage P&I
78%
$3,301
Property Taxes
21%
$894
Home Insurance
2%
$96
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464