This property looks like a bad Mid-Term investment with a projected -7.86% first-year return on $149k initial cash invested.
-7.86%
Cash On Cash
4.9%
Cap Rate
0.77
DSCR
$4,888
Rent
-$978
Cashflow
Cash Flow
$4,888 income − $5,866 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,888
Total Expenses
$5,866
Mortgage P&I
68%
$3,334
Property Taxes
7%
$326
Home Insurance
4%
$219
HOA
7%
$323
Property Management
12%
$587
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$538