This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $149k initial cash invested.
-3.23%
Cash On Cash
6.15%
Cap Rate
0.94
DSCR
$5,168
Rent
-$402
Cashflow
Cash Flow
$5,168 income − $5,570 expenses = $402 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,168
Total Expenses
$5,570
Mortgage P&I
66%
$3,397
Property Taxes
0%
$7
Home Insurance
4%
$219
HOA
4%
$190
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$568