This property looks like a bad Mid-Term investment with a projected -1.73% first-year return on $149k initial cash invested.
-1.73%
Cash On Cash
6.28%
Cap Rate
1.01
DSCR
$6,285
Rent
-$215
Cashflow
Cash Flow
$6,285 income − $6,500 expenses = $215 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,253
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,285
Total Expenses
$6,500
Mortgage P&I
52%
$3,238
Property Taxes
14%
$902
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$754
CapEx
4%
$251
Vacancy
3%
$189
Maintenance
4%
$251
Other
11%
$691