This property looks like a bad Mid-Term investment with a projected -11.63% first-year return on $148k initial cash invested.
-11.63%
Cash On Cash
3.65%
Cap Rate
0.59
DSCR
$3,789
Rent
-$1,437
Cashflow
Cash Flow
$3,789 income − $5,226 expenses = $1,437 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,201
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,789
Total Expenses
$5,226
Mortgage P&I
84%
$3,169
Property Taxes
14%
$525
Home Insurance
6%
$242
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417