This property looks like a bad Mid-Term investment with a projected -9.04% first-year return on $146k initial cash invested.
-9.04%
Cash On Cash
4.65%
Cap Rate
0.72
DSCR
$4,370
Rent
-$1,096
Cashflow
Cash Flow
$4,370 income − $5,466 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$607k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$121k
Closing costs
1%
$6,073
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,370
Total Expenses
$5,466
Mortgage P&I
75%
$3,272
Property Taxes
10%
$455
Home Insurance
5%
$208
HOA
1%
$45
Property Management
12%
$524
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481