This property looks like a bad Mid-Term investment with a projected -3.71% first-year return on $148k initial cash invested.
-3.71%
Cash On Cash
6.19%
Cap Rate
0.93
DSCR
$5,667
Rent
-$458
Cashflow
Cash Flow
$5,667 income − $6,125 expenses = $458 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,667
Total Expenses
$6,125
Mortgage P&I
60%
$3,428
Property Taxes
10%
$553
Home Insurance
4%
$217
HOA
0%
$0
Property Management
12%
$680
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$623