This property looks like a bad Mid-Term investment with a projected -1.64% first-year return on $148k initial cash invested.
-1.64%
Cash On Cash
6.71%
Cap Rate
1.01
DSCR
$6,030
Rent
-$202
Cashflow
Cash Flow
$6,030 income − $6,232 expenses = $202 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
7.4%
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
$6,030
Total Expenses
$6,232
Mortgage P&I
57%
$3,423
Property Taxes
9%
$542
Home Insurance
4%
$217
HOA
0%
$0
Property Management
12%
$724
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$663