This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $149k initial cash invested.
-4.9%
Cash On Cash
5.37%
Cap Rate
0.88
DSCR
$5,390
Rent
-$610
Cashflow
Cash Flow
$5,390 income − $6,000 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,390
Total Expenses
$6,000
Mortgage P&I
59%
$3,192
Property Taxes
14%
$743
Home Insurance
4%
$219
HOA
0%
$12
Property Management
12%
$647
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$593