This property looks like a bad Mid-Term investment with a projected -2.65% first-year return on $149k initial cash invested.
-2.65%
Cash On Cash
6.11%
Cap Rate
0.97
DSCR
$5,724
Rent
-$329
Cashflow
Cash Flow
$5,724 income − $6,053 expenses = $329 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.9%
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
$5,724
Total Expenses
$6,053
Mortgage P&I
57%
$3,283
Property Taxes
11%
$604
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$630