This property looks like a bad Mid-Term investment with a projected -5.14% first-year return on $147k initial cash invested.
-5.14%
Cash On Cash
5.34%
Cap Rate
0.86
DSCR
$4,995
Rent
-$631
Cashflow
Cash Flow
$4,995 income − $5,626 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,155
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,995
Total Expenses
$5,626
Mortgage P&I
64%
$3,172
Property Taxes
11%
$537
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549