This property looks like a bad Mid-Term investment with a projected -0.8% first-year return on $146k initial cash invested.
-0.8%
Cash On Cash
6.82%
Cap Rate
1.04
DSCR
$6,108
Rent
-$97
Cashflow
Cash Flow
$6,108 income − $6,205 expenses = $97 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,114
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,108
Total Expenses
$6,205
Mortgage P&I
55%
$3,329
Property Taxes
10%
$590
Home Insurance
3%
$210
HOA
0%
$0
Property Management
12%
$733
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$672