This property looks like a bad Mid-Term investment with a projected -6.3% first-year return on $146k initial cash invested.
-6.3%
Cash On Cash
4.91%
Cap Rate
0.81
DSCR
$4,144
Rent
-$765
Cashflow
Cash Flow
$4,144 income − $4,909 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,086
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,144
Total Expenses
$4,909
Mortgage P&I
75%
$3,090
Property Taxes
5%
$188
Home Insurance
5%
$222
HOA
0%
$0
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456