This property looks like a bad Mid-Term investment with a projected -7.56% first-year return on $147k initial cash invested.
-7.56%
Cash On Cash
5.18%
Cap Rate
0.79
DSCR
$5,242
Rent
-$928
Cashflow
Cash Flow
$5,242 income − $6,170 expenses = $928 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,159
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,242
Total Expenses
$6,170
Mortgage P&I
64%
$3,379
Property Taxes
15%
$786
Home Insurance
4%
$222
HOA
0%
$0
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577