This property looks like a bad Mid-Term investment with a projected -7.36% first-year return on $147k initial cash invested.
-7.36%
Cash On Cash
4.79%
Cap Rate
0.77
DSCR
$4,644
Rent
-$903
Cashflow
Cash Flow
$4,644 income − $5,547 expenses = $903 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,156
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,644
Total Expenses
$5,547
Mortgage P&I
68%
$3,176
Property Taxes
12%
$575
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511