This property looks like a bad Mid-Term investment with a projected -15.99% first-year return on $148k initial cash invested.
-15.99%
Cash On Cash
3.06%
Cap Rate
0.46
DSCR
$2,938
Rent
-$1,975
Cashflow
Cash Flow
$2,938 income − $4,913 expenses = $1,975 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,938
Total Expenses
$4,913
Mortgage P&I
117%
$3,436
Property Taxes
9%
$260
Home Insurance
7%
$217
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$323