This property looks like a bad Mid-Term investment with a projected -9.45% first-year return on $149k initial cash invested.
-9.45%
Cash On Cash
4.69%
Cap Rate
0.72
DSCR
$5,102
Rent
-$1,171
Cashflow
Cash Flow
$5,102 income − $6,273 expenses = $1,171 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,225
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,102
Total Expenses
$6,273
Mortgage P&I
67%
$3,399
Property Taxes
18%
$939
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561