This property looks like a bad Mid-Term investment with a projected -3.74% first-year return on $149k initial cash invested.
-3.74%
Cash On Cash
5.63%
Cap Rate
0.93
DSCR
$5,697
Rent
-$464
Cashflow
Cash Flow
$5,697 income − $6,161 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,230
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,697
Total Expenses
$6,161
Mortgage P&I
55%
$3,157
Property Taxes
15%
$848
Home Insurance
4%
$218
HOA
0%
$0
Property Management
12%
$684
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$627