This property looks like a bad Mid-Term investment with a projected -5.67% first-year return on $148k initial cash invested.
-5.67%
Cash On Cash
5.81%
Cap Rate
0.86
DSCR
$5,289
Rent
-$699
Cashflow
Cash Flow
$5,289 income − $5,988 expenses = $699 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,190
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,289
Total Expenses
$5,988
Mortgage P&I
66%
$3,484
Property Taxes
9%
$480
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582