This property looks like a bad Mid-Term investment with a projected -12.99% first-year return on $146k initial cash invested.
-12.99%
Cash On Cash
3.81%
Cap Rate
0.57
DSCR
$3,699
Rent
-$1,581
Cashflow
Cash Flow
$3,699 income − $5,280 expenses = $1,581 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,100
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,699
Total Expenses
$5,280
Mortgage P&I
91%
$3,370
Property Taxes
12%
$428
Home Insurance
6%
$224
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407