This property looks like a bad Mid-Term investment with a projected -3.63% first-year return on $148k initial cash invested.
-3.63%
Cash On Cash
6.16%
Cap Rate
0.93
DSCR
$5,548
Rent
-$449
Cashflow
Cash Flow
$5,548 income − $5,997 expenses = $449 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,207
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,548
Total Expenses
$5,997
Mortgage P&I
62%
$3,413
Property Taxes
9%
$476
Home Insurance
4%
$222
HOA
0%
$0
Property Management
12%
$666
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610