This property looks like a bad Mid-Term investment with a projected -9.57% first-year return on $145k initial cash invested.
-9.57%
Cash On Cash
4.47%
Cap Rate
0.69
DSCR
$3,674
Rent
-$1,154
Cashflow
Cash Flow
$3,674 income − $4,828 expenses = $1,154 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,035
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,674
Total Expenses
$4,828
Mortgage P&I
89%
$3,256
Property Taxes
3%
$104
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404