This property looks like a bad Mid-Term investment with a projected -8.8% first-year return on $146k initial cash invested.
-8.8%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$4,269
Rent
-$1,071
Cashflow
Cash Flow
$4,269 income − $5,340 expenses = $1,071 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,099
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,269
Total Expenses
$5,340
Mortgage P&I
77%
$3,291
Property Taxes
9%
$375
Home Insurance
5%
$222
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470