This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $148k initial cash invested.
-2.63%
Cash On Cash
5.85%
Cap Rate
0.96
DSCR
$5,284
Rent
-$325
Cashflow
Cash Flow
$5,284 income − $5,609 expenses = $325 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,205
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,284
Total Expenses
$5,609
Mortgage P&I
59%
$3,137
Property Taxes
9%
$452
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$634
CapEx
4%
$211
Vacancy
3%
$159
Maintenance
4%
$211
Other
11%
$581