This property looks like a bad Mid-Term investment with a projected -8.18% first-year return on $149k initial cash invested.
-8.18%
Cash On Cash
4.47%
Cap Rate
0.73
DSCR
$4,332
Rent
-$1,019
Cashflow
Cash Flow
$4,332 income − $5,351 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$626k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,258
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,332
Total Expenses
$5,351
Mortgage P&I
73%
$3,177
Property Taxes
11%
$492
Home Insurance
5%
$209
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477