This property looks like a bad Mid-Term investment with a projected -5.25% first-year return on $147k initial cash invested.
-5.25%
Cash On Cash
5.54%
Cap Rate
0.87
DSCR
$5,670
Rent
-$643
Cashflow
Cash Flow
$5,670 income − $6,313 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,140
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,670
Total Expenses
$6,313
Mortgage P&I
57%
$3,249
Property Taxes
16%
$925
Home Insurance
4%
$211
HOA
0%
$0
Property Management
12%
$680
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$624