This property looks like a bad Mid-Term investment with a projected -3.39% first-year return on $149k initial cash invested.
-3.39%
Cash On Cash
5.65%
Cap Rate
0.93
DSCR
$4,812
Rent
-$422
Cashflow
Cash Flow
$4,812 income − $5,234 expenses = $422 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,249
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,812
Total Expenses
$5,234
Mortgage P&I
66%
$3,173
Property Taxes
4%
$208
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529