This property looks like a bad Mid-Term investment with a projected -8.32% first-year return on $149k initial cash invested.
-8.32%
Cash On Cash
4.72%
Cap Rate
0.75
DSCR
$5,162
Rent
-$1,031
Cashflow
Cash Flow
$5,162 income − $6,193 expenses = $1,031 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$124k
Closing costs
1%
$6,223
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,162
Total Expenses
$6,193
Mortgage P&I
63%
$3,274
Property Taxes
18%
$929
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$568