This property looks like a bad Mid-Term investment with a projected -9.18% first-year return on $149k initial cash invested.
-9.18%
Cash On Cash
4.51%
Cap Rate
0.71
DSCR
$5,060
Rent
-$1,142
Cashflow
Cash Flow
$5,060 income − $6,202 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,060
Total Expenses
$6,202
Mortgage P&I
65%
$3,288
Property Taxes
19%
$975
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$557