This property looks like a bad Mid-Term investment with a projected -8.17% first-year return on $147k initial cash invested.
-8.17%
Cash On Cash
5.05%
Cap Rate
0.76
DSCR
$4,776
Rent
-$1,004
Cashflow
Cash Flow
$4,776 income − $5,780 expenses = $1,004 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,166
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,776
Total Expenses
$5,780
Mortgage P&I
71%
$3,409
Property Taxes
11%
$531
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$525