This property looks like a bad Mid-Term investment with a projected -7.98% first-year return on $148k initial cash invested.
-7.98%
Cash On Cash
5.1%
Cap Rate
0.77
DSCR
$5,002
Rent
-$986
Cashflow
Cash Flow
$5,002 income − $5,988 expenses = $986 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,201
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,002
Total Expenses
$5,988
Mortgage P&I
68%
$3,421
Property Taxes
12%
$594
Home Insurance
5%
$273
HOA
0%
$0
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550