This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $149k initial cash invested.
-2.54%
Cash On Cash
5.97%
Cap Rate
0.97
DSCR
$5,472
Rent
-$316
Cashflow
Cash Flow
$5,472 income − $5,788 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,472
Total Expenses
$5,788
Mortgage P&I
59%
$3,206
Property Taxes
9%
$502
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$657
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$602