This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $148k initial cash invested.
-6.33%
Cash On Cash
4.94%
Cap Rate
0.81
DSCR
$4,682
Rent
-$782
Cashflow
Cash Flow
$4,682 income − $5,464 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,203
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,682
Total Expenses
$5,464
Mortgage P&I
67%
$3,146
Property Taxes
11%
$508
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515