This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $145k initial cash invested.
-3.49%
Cash On Cash
6.22%
Cap Rate
0.94
DSCR
$5,554
Rent
-$423
Cashflow
Cash Flow
$5,554 income − $5,977 expenses = $423 out of pocket
Investment Breakdown
|
Purchase Price
$607k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,065
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,554
Total Expenses
$5,977
Mortgage P&I
60%
$3,346
Property Taxes
9%
$526
Home Insurance
4%
$217
HOA
0%
$0
Property Management
12%
$666
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$611