This property looks like a bad Mid-Term investment with a projected -7.73% first-year return on $148k initial cash invested.
-7.73%
Cash On Cash
4.97%
Cap Rate
0.77
DSCR
$4,932
Rent
-$953
Cashflow
Cash Flow
$4,932 income − $5,885 expenses = $953 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,186
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,932
Total Expenses
$5,885
Mortgage P&I
67%
$3,317
Property Taxes
12%
$589
Home Insurance
4%
$219
HOA
2%
$83
Property Management
12%
$592
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$543