This property looks like a bad Mid-Term investment with a projected -4.09% first-year return on $149k initial cash invested.
-4.09%
Cash On Cash
5.73%
Cap Rate
0.91
DSCR
$5,438
Rent
-$507
Cashflow
Cash Flow
$5,438 income − $5,945 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,225
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,438
Total Expenses
$5,945
Mortgage P&I
60%
$3,263
Property Taxes
11%
$604
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$653
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$598