This property looks like a bad Mid-Term investment with a projected -0.61% first-year return on $149k initial cash invested.
-0.61%
Cash On Cash
6.93%
Cap Rate
1.04
DSCR
$5,740
Rent
-$76
Cashflow
Cash Flow
$5,740 income − $5,816 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.4%
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
$5,740
Total Expenses
$5,816
Mortgage P&I
60%
$3,457
Property Taxes
3%
$181
Home Insurance
4%
$226
HOA
0%
$0
Property Management
12%
$689
CapEx
4%
$230
Vacancy
3%
$172
Maintenance
4%
$230
Other
11%
$631