This property looks like a bad Mid-Term investment with a projected -11.5% first-year return on $146k initial cash invested.
-11.5%
Cash On Cash
3.91%
Cap Rate
0.61
DSCR
$3,795
Rent
-$1,400
Cashflow
Cash Flow
$3,795 income − $5,195 expenses = $1,400 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,100
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,795
Total Expenses
$5,195
Mortgage P&I
85%
$3,234
Property Taxes
12%
$457
Home Insurance
6%
$214
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417