This property looks like a bad Mid-Term investment with a projected -1.1% first-year return on $149k initial cash invested.
-1.1%
Cash On Cash
6.39%
Cap Rate
1.03
DSCR
$5,476
Rent
-$136
Cashflow
Cash Flow
$5,476 income − $5,612 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,230
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,476
Total Expenses
$5,612
Mortgage P&I
59%
$3,236
Property Taxes
5%
$289
Home Insurance
4%
$226
HOA
0%
$0
Property Management
12%
$657
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$602