This property looks like a bad Mid-Term investment with a projected -4.33% first-year return on $147k initial cash invested.
-4.33%
Cash On Cash
5.76%
Cap Rate
0.9
DSCR
$5,126
Rent
-$530
Cashflow
Cash Flow
$5,126 income − $5,656 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,130
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,126
Total Expenses
$5,656
Mortgage P&I
64%
$3,269
Property Taxes
8%
$416
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$564