This property looks like a bad Mid-Term investment with a projected -10.06% first-year return on $147k initial cash invested.
-10.06%
Cash On Cash
4.7%
Cap Rate
0.7
DSCR
$5,288
Rent
-$1,237
Cashflow
Cash Flow
$5,288 income − $6,525 expenses = $1,237 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,166
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,288
Total Expenses
$6,525
Mortgage P&I
65%
$3,438
Property Taxes
20%
$1,068
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582