This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $147k initial cash invested.
-7.4%
Cash On Cash
4.69%
Cap Rate
0.77
DSCR
$4,544
Rent
-$905
Cashflow
Cash Flow
$4,544 income − $5,449 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,129
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,544
Total Expenses
$5,449
Mortgage P&I
69%
$3,119
Property Taxes
9%
$412
Home Insurance
5%
$217
HOA
3%
$156
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500