This property looks like a bad Mid-Term investment with a projected -7.11% first-year return on $149k initial cash invested.
-7.11%
Cash On Cash
4.68%
Cap Rate
0.78
DSCR
$4,828
Rent
-$884
Cashflow
Cash Flow
$4,828 income − $5,712 expenses = $884 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.4%
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
$4,828
Total Expenses
$5,712
Mortgage P&I
65%
$3,131
Property Taxes
15%
$721
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531