This property looks like a bad Mid-Term investment with a projected -6.63% first-year return on $149k initial cash invested.
-6.63%
Cash On Cash
5.31%
Cap Rate
0.82
DSCR
$4,977
Rent
-$821
Cashflow
Cash Flow
$4,977 income − $5,798 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$124k
Closing costs
1%
$6,215
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,977
Total Expenses
$5,798
Mortgage P&I
68%
$3,371
Property Taxes
10%
$518
Home Insurance
4%
$218
HOA
0%
$0
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547