This property looks like a bad Mid-Term investment with a projected -3.59% first-year return on $148k initial cash invested.
-3.59%
Cash On Cash
5.89%
Cap Rate
0.93
DSCR
$5,028
Rent
-$441
Cashflow
Cash Flow
$5,028 income − $5,469 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$123k
Closing costs
1%
$6,170
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,028
Total Expenses
$5,469
Mortgage P&I
65%
$3,266
Property Taxes
5%
$262
Home Insurance
4%
$219
HOA
0%
$13
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553