This property looks like a bad Mid-Term investment with a projected -3.81% first-year return on $147k initial cash invested.
-3.81%
Cash On Cash
5.86%
Cap Rate
0.92
DSCR
$5,421
Rent
-$467
Cashflow
Cash Flow
$5,421 income − $5,888 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,139
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,421
Total Expenses
$5,888
Mortgage P&I
60%
$3,249
Property Taxes
11%
$576
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$651
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$596