This property looks like a bad Mid-Term investment with a projected -11.46% first-year return on $148k initial cash invested.
-11.46%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$4,118
Rent
-$1,412
Cashflow
Cash Flow
$4,118 income − $5,530 expenses = $1,412 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,182
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,118
Total Expenses
$5,530
Mortgage P&I
82%
$3,388
Property Taxes
12%
$512
Home Insurance
5%
$224
HOA
0%
$5
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453