This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $148k initial cash invested.
-7.22%
Cash On Cash
5.11%
Cap Rate
0.79
DSCR
$4,629
Rent
-$888
Cashflow
Cash Flow
$4,629 income − $5,517 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$123k
Closing costs
1%
$6,171
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,629
Total Expenses
$5,517
Mortgage P&I
72%
$3,333
Property Taxes
9%
$415
Home Insurance
4%
$196
HOA
0%
$0
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509