This property looks like a bad Mid-Term investment with a projected -12.28% first-year return on $145k initial cash invested.
-12.28%
Cash On Cash
3.7%
Cap Rate
0.58
DSCR
$3,798
Rent
-$1,484
Cashflow
Cash Flow
$3,798 income − $5,282 expenses = $1,484 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,050
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,798
Total Expenses
$5,282
Mortgage P&I
84%
$3,195
Property Taxes
15%
$578
Home Insurance
6%
$217
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418