This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $147k initial cash invested.
-5.24%
Cash On Cash
5.52%
Cap Rate
0.87
DSCR
$5,130
Rent
-$642
Cashflow
Cash Flow
$5,130 income − $5,772 expenses = $642 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,149
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,130
Total Expenses
$5,772
Mortgage P&I
64%
$3,264
Property Taxes
11%
$547
Home Insurance
4%
$217
HOA
0%
$0
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$564