This property looks like a bad Mid-Term investment with a projected -1.15% first-year return on $149k initial cash invested.
-1.15%
Cash On Cash
6.59%
Cap Rate
1.03
DSCR
$6,098
Rent
-$143
Cashflow
Cash Flow
$6,098 income − $6,241 expenses = $143 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,226
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,098
Total Expenses
$6,241
Mortgage P&I
54%
$3,320
Property Taxes
10%
$623
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$732
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$671