This property looks like a bad Mid-Term investment with a projected -10.76% first-year return on $146k initial cash invested.
-10.76%
Cash On Cash
4.29%
Cap Rate
0.66
DSCR
$4,454
Rent
-$1,309
Cashflow
Cash Flow
$4,454 income − $5,763 expenses = $1,309 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,092
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,454
Total Expenses
$5,763
Mortgage P&I
74%
$3,307
Property Taxes
16%
$722
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490