This property looks like a bad Mid-Term investment with a projected -4.13% first-year return on $146k initial cash invested.
-4.13%
Cash On Cash
6.04%
Cap Rate
0.92
DSCR
$5,954
Rent
-$504
Cashflow
Cash Flow
$5,954 income − $6,458 expenses = $504 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,115
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,954
Total Expenses
$6,458
Mortgage P&I
56%
$3,345
Property Taxes
15%
$872
Home Insurance
4%
$217
HOA
0%
$0
Property Management
12%
$714
CapEx
4%
$238
Vacancy
3%
$179
Maintenance
4%
$238
Other
11%
$655