This property looks like a bad Mid-Term investment with a projected -9.42% first-year return on $147k initial cash invested.
-9.42%
Cash On Cash
4.85%
Cap Rate
0.72
DSCR
$5,026
Rent
-$1,156
Cashflow
Cash Flow
$5,026 income − $6,182 expenses = $1,156 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,153
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,026
Total Expenses
$6,182
Mortgage P&I
68%
$3,441
Property Taxes
16%
$815
Home Insurance
4%
$217
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553