This property looks like a bad Mid-Term investment with a projected -10.7% first-year return on $146k initial cash invested.
-10.7%
Cash On Cash
4.16%
Cap Rate
0.65
DSCR
$4,186
Rent
-$1,302
Cashflow
Cash Flow
$4,186 income − $5,488 expenses = $1,302 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,094
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,186
Total Expenses
$5,488
Mortgage P&I
78%
$3,250
Property Taxes
14%
$599
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$126
Maintenance
4%
$167
Other
11%
$460