This property looks like a bad Mid-Term investment with a projected -11.86% first-year return on $148k initial cash invested.
-11.86%
Cash On Cash
3.79%
Cap Rate
0.6
DSCR
$3,394
Rent
-$1,465
Cashflow
Cash Flow
$3,394 income − $4,859 expenses = $1,465 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,394
Total Expenses
$4,859
Mortgage P&I
97%
$3,288
Property Taxes
6%
$200
Home Insurance
6%
$217
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373