This property looks like a bad Mid-Term investment with a projected -3.61% first-year return on $147k initial cash invested.
-3.61%
Cash On Cash
6.16%
Cap Rate
0.93
DSCR
$4,830
Rent
-$443
Cashflow
Cash Flow
$4,830 income − $5,273 expenses = $443 out of pocket
Investment Breakdown
|
Purchase Price
$615k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,149
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,830
Total Expenses
$5,273
Mortgage P&I
70%
$3,404
Property Taxes
0%
$12
Home Insurance
4%
$215
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531