This property looks like a bad Mid-Term investment with a projected -7.08% first-year return on $148k initial cash invested.
-7.08%
Cash On Cash
4.92%
Cap Rate
0.79
DSCR
$4,910
Rent
-$873
Cashflow
Cash Flow
$4,910 income − $5,783 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$619k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,186
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,910
Total Expenses
$5,783
Mortgage P&I
65%
$3,215
Property Taxes
14%
$681
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540