This property looks like a bad Mid-Term investment with a projected -15.15% first-year return on $145k initial cash invested.
-15.15%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$4,005
Rent
-$1,827
Cashflow
Cash Flow
$4,005 income − $5,832 expenses = $1,827 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,036
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,005
Total Expenses
$5,832
Mortgage P&I
80%
$3,220
Property Taxes
23%
$918
Home Insurance
8%
$332
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441