This property looks like a bad Mid-Term investment with a projected -6.34% first-year return on $146k initial cash invested.
-6.34%
Cash On Cash
5.32%
Cap Rate
0.82
DSCR
$4,834
Rent
-$773
Cashflow
Cash Flow
$4,834 income − $5,607 expenses = $773 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,113
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,834
Total Expenses
$5,607
Mortgage P&I
68%
$3,290
Property Taxes
7%
$334
Home Insurance
5%
$219
HOA
3%
$121
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532