This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $147k initial cash invested.
-6.23%
Cash On Cash
4.89%
Cap Rate
0.81
DSCR
$3,964
Rent
-$764
Cashflow
Cash Flow
$3,964 income − $4,728 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,150
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,964
Total Expenses
$4,728
Mortgage P&I
79%
$3,112
Property Taxes
1%
$32
Home Insurance
5%
$215
HOA
1%
$20
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436