This property looks like a bad Mid-Term investment with a projected -11.62% first-year return on $146k initial cash invested.
-11.62%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$3,975
Rent
-$1,410
Cashflow
Cash Flow
$3,975 income − $5,385 expenses = $1,410 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,075
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,975
Total Expenses
$5,385
Mortgage P&I
83%
$3,312
Property Taxes
13%
$503
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437