This property looks like a bad Mid-Term investment with a projected -9.67% first-year return on $148k initial cash invested.
-9.67%
Cash On Cash
4.08%
Cap Rate
0.67
DSCR
$3,524
Rent
-$1,192
Cashflow
Cash Flow
$3,524 income − $4,716 expenses = $1,192 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,190
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,524
Total Expenses
$4,716
Mortgage P&I
90%
$3,158
Property Taxes
4%
$142
Home Insurance
6%
$217
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388