This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $149k initial cash invested.
-4.9%
Cash On Cash
5.57%
Cap Rate
0.88
DSCR
$5,271
Rent
-$609
Cashflow
Cash Flow
$5,271 income − $5,880 expenses = $609 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,271
Total Expenses
$5,880
Mortgage P&I
63%
$3,298
Property Taxes
11%
$555
Home Insurance
4%
$219
HOA
0%
$15
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580