This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $147k initial cash invested.
-3.23%
Cash On Cash
6.19%
Cap Rate
0.95
DSCR
$5,349
Rent
-$396
Cashflow
Cash Flow
$5,349 income − $5,745 expenses = $396 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,140
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,349
Total Expenses
$5,745
Mortgage P&I
63%
$3,351
Property Taxes
6%
$341
Home Insurance
4%
$215
HOA
0%
$20
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588