This property looks like a bad Mid-Term investment with a projected -4.38% first-year return on $148k initial cash invested.
-4.38%
Cash On Cash
5.91%
Cap Rate
0.9
DSCR
$5,426
Rent
-$539
Cashflow
Cash Flow
$5,426 income − $5,965 expenses = $539 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,181
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,426
Total Expenses
$5,965
Mortgage P&I
62%
$3,365
Property Taxes
9%
$495
Home Insurance
4%
$228
HOA
1%
$32
Property Management
12%
$651
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$597