This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $147k initial cash invested.
-4.2%
Cash On Cash
5.91%
Cap Rate
0.91
DSCR
$5,336
Rent
-$514
Cashflow
Cash Flow
$5,336 income − $5,850 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,131
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,336
Total Expenses
$5,850
Mortgage P&I
62%
$3,322
Property Taxes
9%
$498
Home Insurance
4%
$217
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587