This property looks like a bad Mid-Term investment with a projected -0.56% first-year return on $149k initial cash invested.
-0.56%
Cash On Cash
6.67%
Cap Rate
1.06
DSCR
$6,405
Rent
-$70
Cashflow
Cash Flow
$6,405 income − $6,475 expenses = $70 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,234
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,405
Total Expenses
$6,475
Mortgage P&I
51%
$3,279
Property Taxes
12%
$796
Home Insurance
3%
$222
HOA
0%
$0
Property Management
12%
$769
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$705