This property looks like a bad Mid-Term investment with a projected -7.58% first-year return on $147k initial cash invested.
-7.58%
Cash On Cash
4.52%
Cap Rate
0.75
DSCR
$3,858
Rent
-$929
Cashflow
Cash Flow
$3,858 income − $4,787 expenses = $929 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,145
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,858
Total Expenses
$4,787
Mortgage P&I
80%
$3,090
Property Taxes
4%
$164
Home Insurance
6%
$222
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424