This property looks like a bad Mid-Term investment with a projected -14.43% first-year return on $148k initial cash invested.
-14.43%
Cash On Cash
2.85%
Cap Rate
0.47
DSCR
$2,962
Rent
-$1,774
Cashflow
Cash Flow
$2,962 income − $4,736 expenses = $1,774 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$123k
Closing costs
1%
$6,170
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,962
Total Expenses
$4,736
Mortgage P&I
105%
$3,122
Property Taxes
13%
$389
Home Insurance
7%
$219
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326