This property looks like a bad Mid-Term investment with a projected -4.28% first-year return on $147k initial cash invested.
-4.28%
Cash On Cash
5.49%
Cap Rate
0.9
DSCR
$4,994
Rent
-$523
Cashflow
Cash Flow
$4,994 income − $5,517 expenses = $523 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%
$6,126
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,994
Total Expenses
$5,517
Mortgage P&I
63%
$3,124
Property Taxes
10%
$503
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549