This property looks like a bad Mid-Term investment with a projected -12.43% first-year return on $149k initial cash invested.
-12.43%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$5,002
Rent
-$1,547
Cashflow
Cash Flow
$5,002 income − $6,549 expenses = $1,547 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,254
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,002
Total Expenses
$6,549
Mortgage P&I
68%
$3,380
Property Taxes
24%
$1,222
Home Insurance
5%
$247
HOA
0%
$0
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550