This property looks like a bad Mid-Term investment with a projected -13.77% first-year return on $148k initial cash invested.
-13.77%
Cash On Cash
3.36%
Cap Rate
0.53
DSCR
$4,112
Rent
-$1,695
Cashflow
Cash Flow
$4,112 income − $5,807 expenses = $1,695 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,179
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,112
Total Expenses
$5,807
Mortgage P&I
79%
$3,262
Property Taxes
14%
$583
Home Insurance
5%
$219
HOA
8%
$347
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452