This property looks like a bad Mid-Term investment with a projected -9.79% first-year return on $146k initial cash invested.
-9.79%
Cash On Cash
3.88%
Cap Rate
0.65
DSCR
$3,756
Rent
-$1,189
Cashflow
Cash Flow
$3,756 income − $4,945 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,084
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,756
Total Expenses
$4,945
Mortgage P&I
80%
$3,008
Property Taxes
11%
$428
Home Insurance
6%
$224
HOA
0%
$8
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413